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: Bill Lotozo who wrote (765)	1/3/2000 8:44:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 1983

Allegiance Telecom Signs Dark Fiber Lease Agreement With Metromedia Fiber Network Backbone Network Will Provide Ring Transport Services for 13 U.S. Markets And Long Distance Capacity Between New York and Washington D.C. DALLAS, Jan. 3 /PRNewswire/ -- Allegiance Telecom, Inc. (Nasdaq: ALGX - news) has signed an agreement with Metromedia Fiber Network, Inc. (Nasdaq: MFNX - news) for dark fiber capacity in 13 of the U.S. markets served by Allegiance. This 20-year lease agreement will also provide Allegiance with long distance fiber capacity between the key East Coast cities of New York and Washington, D.C. The deal is valued at approximately $130 million over the life of the contract. The Allegiance Telecom markets included in the ring transport agreement are Atlanta, Boston, Chicago, Los Angeles, New York (including Brooklyn, Queens, Long Island and White Plains), Northern New Jersey, Oakland, Orange County, Philadelphia, San Francisco, San Jose, Seattle and Washington, D.C. Metromedia Fiber Networks has previously leased fiber capacity to Allegiance Telecom in Dallas, Houston and the New York metropolitan area. Metromedia Fiber Network is constructing high-bandwidth fiber optic networks in major metropolitan areas throughout North America and Europe, providing an alternative local loop infrastructure to CLECs and other communications carriers. Metromedia Fiber Network will provide Allegiance with a ring-based network, connecting many of the major central offices as well as key centers of business, finance and technology in Allegiance Telecom cities. The 100 percent private fiber-based network is fast, reliable, secure and capable of supporting the most advanced telecommunications technologies available today. ''Expanding fiber capacity is a major component of Allegiance Telecom's 'Smart Build' strategy,'' said Dan Yost, president and chief operating officer of Allegiance Telecom. ''The increasing numbers of customer lines connecting to the Allegiance network requires intensified fiber capacity. To meet this growing volume of traffic, we are expanding our use of transport services from Metromedia Fiber Network.'' Allegiance Telecom ( www.allegiancetele.com ) is a facilities-based local exchange carrier headquartered in Dallas, Texas. Allegiance offers businesses a complete package of telecommunications services, including local, long distance, international calling, high-speed data transmission and Internet services. Allegiance's common stock is traded on the Nasdaq National Market under the symbol ALGX. Metromedia Fiber Network is building metropolitan fiber optic infrastructure in the local loop in strategic top tier markets, enabling technologically sophisticated organizations to implement the latest data, video, Internet and multimedia applications. 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. In addition to its current expansion in 51 cities in North America, Metromedia Fiber Network is establishing an international presence with fiber optic network builds underway in 16 cities throughout Europe. Metromedia Fiber Network recently acquired AboveNet Communications, the architect of the global one-hop network and the leading provider of Internet connectivity and co-location solutions for high-bandwidth and business-critical applications. The combined company will facilitate the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scalable optical networks to Internet content and service providers, carriers and enterprise users worldwide. For more information about Metromedia Fiber Network, please visit the company's Website at mmfn.com . SOURCE: Allegiance Telecom, Inc.