biz.yahoo.com
Wednesday May 3, 7:31 am Eastern Time
Company Press Release
Metromedia Fiber Network to Provide Optical Infrastructure to ITC^DeltaCom in Three Major Markets
NEW YORK--(BUSINESS WIRE)--May 3, 2000--Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX - news), the leader in deployment of optical Internet infrastructure within key metropolitan areas internationally, will provide fiber optic infrastructure in the Dallas, Houston and Atlanta markets for ITC^DeltaCom, Inc. (Nasdaq/NM: ITCD - news), a regional integrated telecommunications provider.
Under a 20-year lease, ITC^DeltaCom will gain access to MFN's fiber backbone in the three cities. MFN's fiber will enable ITC^DeltaCom to control its capacity in the last mile, while meeting increased traffic levels and customer demand for high-bandwidth services.
``ITC^DeltaCom's decision to interconnect their 10-state, long-haul network with MFN's fiber-optic infrastructure enables them to deliver the most sophisticated applications to customers in the local loop over a dedicated, secure and reliable network,'' said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network.
``Securing dedicated fiber in key strategic markets in the Southeast has become necessary as a result of our growth,'' said Andrew M. Walker, vice-chairman, chief executive officer and president of ITC^DeltaCom. ``This agreement with MFN affords us the opportunity to quickly address our capacity demands by connecting directly to other telecommunication carriers, Internet access providers, and local exchange central offices.''
About ITC^DeltaCom
ITC^DeltaCom, headquartered in West Point, Georgia, provides integrated telecommunications services to mid-sized and major businesses in the southern United States, and is a leading regional provider of wholesale long-haul services to other communications companies. ITC^DeltaCom's business communication services include local exchange service, long distance, enhanced data, Internet and operator services, and the sale and maintenance of customer premises equipment. The Company operates 34 branch locations in eight states, and its 10-state, approximately 8,320-mile fiber optic network, reaches over 100 points of presence. ITC^DeltaCom has interconnection agreements with BellSouth, GTE, Southwestern Bell and Sprint for resale and access to unbundled network elements, and is a certified Competitive Local Exchange Carrier (CLEC) in Arkansas, Texas, and all nine BellSouth states.
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 either 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 Forms S-3 and 10-K, and the SEC reports filed by ITC^DeltaCom, including its most recently filed Form 10-K. This release may contain information provided by or statements of third parties, for which neither company assumes responsibility. Neither company undertakes any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Note to Editors: The Firm ITC^DeltaCom includes a caret between the ``ITC'' and ``DeltaCom.'' This symbol may not show in all systems.
Contact:
Media Relations
Gibbs & Soell, Inc.
Gary J. Gatyas, Jr., 212.697.2600
ggatyas@gibbs-soell.com
or
Metromedia Fiber Network
Kara Carbone, 914.683.6386
kcarbone@mmfn.com
or
ITC^DeltaCom
Monty Vest, 256.382.3949
mvest@itcdeltacom.com |
