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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX)

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To: MeDroogies who wrote (1876)1/9/2002 8:41:45 AM
From: MrsNose  Read Replies (1) of 1983
 
News Out this a.m. with RealNetworks

Metromedia Fiber Network to Provide RealNetworks with Metropolitan Fiber
Worldwide Leader in Internet Media Delivery to Utilize MFN's Fiber Optic Infrastructure
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2002--Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX - news), the leading provider of digital communications infrastructure solutions, will provide metropolitan fiber to RealNetworks®, Inc., supporting the Company's real.com and realnetworks.com Web sites.

Under the multi-year agreement, MFN will lease fiber to RealNetworks, providing a bandwidth solution that will satisfy its current and future communications needs. MFN's unshared, unmetered and virtually unlimited bandwidth provides a fully scalable infrastructure for RealNetworks. Featuring the fastest transmission speeds and the highest levels of reliability and security, MFN's bandwidth solutions enable customers such as RealNetworks to launch the latest generation of bandwidth-intensive applications.

``RealNetworks has worked with MFN for years, and we are pleased to continue our relationship. As RealNetworks continues to deliver the very best digital media from any platform, in any format, to any IP device, it is critical that we have the internal infrastructure to support this effort,'' said Mark Vickers, Network Infrastructure Manager, RealNetworks. ``Under our new agreement with MFN, we have increased our previous bandwidth capacity.''

MFN is the leader in the deployment of fiber-optic cable in major metropolitan areas throughout the U.S. and Europe. In addition, its extensive long haul backbone across the U.S. and in Europe, and its undersea connectivity to Asia and Europe gives MFN's network the breadth and scope to meet the increasing bandwidth demands of Global 2000 companies like RealNetworks.

``MFN is eliminating communications bandwidth barriers and enabling the next generation of Internet-based content and delivery technologies,'' said Otto Chan, president, MFN Americas. ``RealNetworks has access to the industry's most reliable, high-bandwidth communications infrastructure solution to provide its customers with a superior Internet experience.''

About MFN

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers and award-winning managed services to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

Customers can take advantage of MFN's complete, end-to-end solution or select individual components to complement their existing infrastructures. By leasing MFN's metropolitan and regional fiber, customers can create their own, private optical network with virtually unlimited, un-metered bandwidth at a fixed fee. For more reliable, secure and high-performance Internet connectivity, customers can use MFN's private IP network to communicate globally without ever touching the public-switched network. Moreover, MFN's comprehensive managed services enable companies to create a world-class Internet presence, optimize complex sites and private optical networks, and transform legacy applications, all with a single point of contact.

One network. One infrastructure. One source.

For more information on MFN, please visit our Web site at www.mfn.com.

This news release contains 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 are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3 and 10-K and the quarterly report on Form 10-Q.

RealNetworks® is a registered trademark of RealNetworks, Inc.

--------------------------------------------------------------------------------
Contact:

MFN
Kara Carbone, 212/803-5596
kara.carbone@mfn.com
or
Gibbs-Soell, Inc.
Gary Gatyas, 212/697-2600
ggatyas@gibbs-soell.com
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