Well, MFNX may be beaten down-- BUT----
mktnews.nasdaq.com\www\nasdaq\news\bw\2001\07\20\BU20010720-1700-BW0236-0.html&usymbol=MFNX
Metromedia Fiber Network Rebuilds Fire Damaged Network in Just 36 Hours With New 24,000 Foot Alternate Route
NEW YORK--(BUSINESS WIRE)--July 20, 2001--
MFN is First to Restore IP Traffic to its Network Damaged by Fire From the Train Derailment in the Howard Tunnel in Baltimore
Metromedia Fiber Network (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, replaced its fiber-optic cable that was affected by the Howard Street tunnel fire in less than 36 hours.
This effort restores MFN's network to a fully redundant state. MFN's Internet customers experienced no service interruption due to the damage or during the repairs as IP traffic had been immediately rerouted following the incident.
On Wednesday, a freight train carrying hazardous chemicals derailed and caught fire in an old railroad tunnel under Howard Street in Baltimore. The fire and hazardous materials quickly damaged the fiber-optic cables of several large carriers. MFN's field engineering team responded in record time, rerouting 24,000 feet of cable through a maze of city conduits through the center of Baltimore. MFN's network was restored to full redundancy thus allowing MFN's customers the comfort of having a fully available network back in service.
"It was immediately apparent to us that we would not be able to access our fiber in the tunnel anytime soon given the situation with the fire and hazardous materials. We immediately began looking for an alternate route we could use to fully repair our network," said Christopher Moore, Director of Operations for Metromedia Fiber Network in Baltimore. "Since our company is focused on building in metropolitan areas, we leveraged our local expertise and created a new network in record time. We are extremely proud to have accomplished this daunting task, and are even happier to call our customers with the good news."
MFN field engineers remain on-site to help the other carriers in their repairs.
About Metromedia Fiber Network, Inc.
Metromedia Fiber Network, Inc., the leader in deployment of optical IP infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
MFN's optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, Inc., a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scaleable and reliable connections to the Internet, and improves the Internet experience for end-users. For more information on AboveNet and its service offering visit the company's Web site at www.above.net. For more information about PAIX.net, Inc., visit the company's Web site at www.paix.net. For more information about SiteSmith, visit the company's Web site at www.sitesmith.com. 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 filings by Metromedia Fiber Network, including the most recently filed Forms S-3, 10-K and 10-Q.
CONTACT: Media:
Metromedia Fiber Network
Kara Carbone
914/683-6386
kcarbone@mmfn.com
or
Gibbs & Soell Inc.
Gary Gatyas, 212/697-2600
ggatyas@gibbs-soell.com |
