Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (599)	10/6/1999 8:54:00 AM
From: Neil H	Read Replies (1) \| Respond to of 1983

ednesday October 6, 3:05 am Eastern Time Company Press Release AboveNet's Transatlantic Network Capacity Now More Than 750 Megabits Per Second As One of the Top Transatlantic IP Network Providers, AboveNet Is Ready to Provide Superior Internet Connectivity Within Europe and Between U.S. and Europe SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 6, 1999-- AboveNet Communications Inc., a wholly-owned subsidiary of Metromedia Fiber Network, Inc. (Nasdaq:MFNX - news) and the architect of a global one-hop network that brings together high-bandwidth content sites, ISPs, and Application Service Providers in centralized co-location facilities, today announced that it has increased the capacity of its trans-Atlantic link with the addition of an STM-4 line. This new line is one of the highest bandwidth IP connections to Europe. When combined with AboveNet's existing STM1 connection, it will bring AboveNet's total connectivity to Europe to more than 0.75 Gbps. With this extra capacity, AboveNet can support the fast growing demand for Internet connectivity between Europe and the United States. It will also provide European Internet users with the same fast, reliable performance that end-users on AboveNet's network in the United States experience. In addition, AboveNet announced that it has linked its European Internet Service Exchange (ISX) facilities together and they are now part of AboveNet's global one-hop network. To connect its European ISX facilities, AboveNet is using STM-1 lines, which are some of highest capacity lines available in Europe today. These ISX facilities located in London, Frankfurt, and Vienna are now in operation. (See related release today.) Formed through joint ventures with Internet veterans in each country, these independently managed European ISXs are capable of improving the flow of Internet traffic within their respective countries as well as between them. Today's news reaffirms AboveNet's commitment in extending its network to Europe. According to Paul Steiner, vice-president International-Europe at AboveNet, the English and German speaking markets served by AboveNet's strategically located European facilities are generating more than half of the current demand for Internet connectivity in Europe. Internet connectivity between these countries and between them and the United States has been hampered by a number of factors including inadequate bandwidth. ``Many networks in Europe are unable to handle high bandwidth applications and surges in Internet traffic,' said Steiner. ``Those providers bridging the Atlantic are generally using lines that are obsolete before they become operational. AboveNet is addressing Europe's need for reliable and scalable bandwidth by aggressively expanding our network capacity and extending our peering throughout Europe.' AboveNet has taken additional steps to ensure superior Internet performance within Europe. It is aggressively establishing peering relationships with leading European ISPs and network providers. These relationships allow AboveNet to carry content on its network closer to the end user and thereby avoid congestion on the Internet and reduce the number of ``hops' that content needs to take to reach its final destination. Within the United Kingdom alone at LINX, the London Internet Exchange, AboveNet has entered into more than 60 peering agreements with all of the major European ISPs and telcos. AboveNet was recently acquired by Metromedia Fiber Network (MFN), the premier provider of dark fiber in metropolitan areas. MFN, which is expanding into Europe, will play an important role in AboveNet's European expansion plans because dark fiber, which can be used to carry Internet traffic, is not readily available to network providers in Europe. ``We are building a truly global network, extending our leadership in the U.S. and the Asia Pacific region to Europe,' said Dave Rand, AboveNet senior vice-president and chief technology officer. ``With our strong partnerships and teams in Great Britain, Germany and Austria, our world-class infrastructure, and our access to dark fiber from MFN, AboveNet continues to take the leadership role in Europe.'