MFNX goes DWDM in the Metro--
05/01 07:30 Metromedia Fiber Network to Deliver Private, Optical Metro-DWDM
MFNX.O>
Metromedia Fiber Network to Deliver Private, Optical Metro-DWDM Solution to Freddie Mac
NEW YORK--(BUSINESS WIRE)--May 1, 2000--
WaveChannel(TM) Simplifies Enterprise Networks, Provides
Scaleable, Protocol-Independent Platform to Support
Mission-Critical Business Applications
Metromedia Fiber Network (MFN) (Nasdaq: MFNX), the leader in the deployment of optical Internet infrastructure within key metropolitan areas internationally, will supply Freddie Mac with a private, unshared fiber optic network and its WaveChannel(TM) Optical Network Solution. MFN will connect several of the financial organization's offices and data centers throughout Northern Virginia.
WaveChannel integrates MFN's dark fiber and Nortel Network's (NYSE/TSE:NT) OPTera MetroTM Dense-Wave Division Multiplexing (D-WDM) technology to create a turnkey, fully-managed, one hundred percent private and unshared wavelength-based optical network capable of supporting the organization's mission-critical applications.
The offering simplifies enterprise networks and reduces IT costs by eliminating the need for expensive protocol conversion devices and individual leased lines. Initially, Freddie Mac will use the network for Gigabit Ethernet applications. As the organization's need for bandwidth grows, Freddie Mac can add channels quickly and cost-effectively, and will be able to support native protocols such as ESCON, FICON, and Fibre Channel at wire speed on their network.
"Enterprise customers have a tremendous need to share vast amounts of data between office locations. Unfortunately, the cost and underlying technology of traditional services only allow information to trickle through," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network. "By integrating dark fiber with D-WDM, enterprise organizations like Freddie Mac are provided a turnkey optical solution for high-speed interconnections over a fully private and unshared network."
"With the implementation of Metromedia Fiber Networks dark fiber capabilities, Freddie Mac's network is positioned to handle new strategic business initiatives and demands of our customers," said Milton Moore, Vice President, ISS - Computer and Network Operations.
About WaveChannel Optical Network
WaveChannel is a fully managed, private network offering that allows organizations to deploy advanced applications such as Storage Area Networks, Data Mirroring, Disaster Recovery and ERP using native protocols such as IP, Gigabit Ethernet, ESCON, FICON, Fibre Channel, D1 Video, and ATM directly and simultaneously over a single private network. Customers can transport up to 32 fully protected channels at varying speeds, as well as change or add services to their network, independent of bit rate or protocol.
About Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. Over the years, Freddie Mac has opened the doors for one in six homebuyers and two million renters across America.
About Metromedia Fiber Network
Metromedia Fiber Network, Inc., the leading provider of end-to-end optical network solutions, is revolutionizing the fiber optic industry. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold. Metromedia Fiber Network is extending metropolitan fiber optic infrastructure to the end user in strategic top-tier markets, enabling its customers to implement the latest data, video, Internet and multimedia applications. In addition to its current expansion in 51 cities in North America, Metromedia Fiber Network is establishing an international presence with planned fiber optic network builds in 16 cities throughout Europe.
Together with its subsidiaries, AboveNet Communications, Inc., a leading provider of co-location and Internet connectivity solutions, and Paix.net, Inc., the leading neutral Internet Exchange, Metromedia Fiber Network is unleashing the full potential of the Internet. The combined company facilitates the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scalable optical networks and IP services to Internet content and service providers, carriers and enterprise users worldwide. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as described from time to time in the SEC reports filed by Metromedia Fiber Network, including the Company's most recently filed Form S-3 and its annual report on Form 10-K for the year ended December 31, 1999.
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CONTACT: Media Relations
Gibbs & Soell, Inc., New York
Gary J. Gatyas, Jr., 212.697.2600 ggatyasgibbs-soell.com
or
Metromedia Fiber Network, White Plains
Kara Carbone, 914.683.6386
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