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(BSNS WIRE) Metromedia Fiber Network Announces Major Infrastructure Buil
Metromedia Fiber Network Announces Major Infrastructure Build in First Tier One
European City, Frankfurt, Germany
Business/Technology Editors
NEW YORK--(BUSINESS WIRE)--March 15, 1999--
Company to Extend Reach of its German National Network to
Local Markets
Metromedia Fiber Network, Inc. (NASDAQ:MFNX) today announced that
its German subsidiary, Metromedia Fiber Network GmbH, has filed for
licensing with the German regulatory authorities to construct a
high-speed, high-bandwidth intracity fiber network in Frankfurt am
Main, the banking and brokerage center of Germany.
Metromedia Fiber Network plans an initial build of approximately
32,400 fiber kilometers, covering in excess of 75 kilometers and
extending the reach of the Company's previously announced German
national ring into the local German telecommunications loop. The
Frankfurt network will be the Company's first intracity network in a
European Tier One market and will enable the Company to provide
various types of high-bandwidth communications connectivity.
When complete Metromedia Fiber Network's Frankfurt infrastructure
will mirror that which the company is constructing in the United
States. The Frankfurt network will serve as the Company's anchor in
Germany as it develops plans to move forward on similar builds in
additional cities. The strategy is similar to that implemented in the
United States where New York City provided the base for the Company's
expansion along the East Coast and other parts of the United States.
Metromedia Fiber Network is constructing a German national
telecommunications network spanning key centers of business, finance,
government and trade. This German network will connect the vital
economic centers of Dortmund, Bremen, Essen, Dusseldorf, Cologne,
Frankfurt, Mannheim and Stuttgart as well as the cities of Hamburg,
Berlin, Dresden, Leipzig, Nuremberg and Munich.
"Europe is the world's second largest economy, estimated to
account for more than $300 billion in telecom services and equipment.
Germany, which is central to this community, remains a driving force
in Europe's economy and has a government that is actively promoting
alternative network infrastructure development," said Howard
Finkelstein, president of Metromedia Fiber Network. "By expanding to
Frankfurt, Metromedia Fiber Network is establishing the necessary
foothold for continuing our expansion to new markets and enhancing our
position as the company that is eliminating the bandwidth barrier for
the largest users of communications services within the local
metropolitan area network."
The network will contain supertrunks of up to 432 individual
strands of fiber, significantly more capacity than Europe's older
copper- based networks and even some of its newer fiber networks where
most providers have installed from 12 to 24 fiber pairs per cable. The
network will be capable of supporting the most advanced technologies
such as Dense Wave Division Multiplexing (DWDM), Asynchronous Transfer
Mode (ATM), Synchronous Digital Hierarchy (SDH), gigabit Ethernet,
Escon and Voice over Internet Protocol (VoIP), enabling customers to
deploy information intensive data, video, multimedia and Internet
applications.
"Service providers, corporations and governments that plan on
deploying advanced data, video and multimedia applications over the
existing copper infrastructure will be in for a few surprises as a
result of the technical limitations presented by these legacy
networks. Metromedia Fiber Network is constructing an alternative, one
hundred percent fiber-based infrastructure that delivers the
bandwidth, speed and capacity needed to ensure the successful
transmission of these new and advanced services," added Finkelstein.
About Metromedia Fiber
Network Metromedia Fiber Network is building metropolitan fiber
optic infrastructure in the local loop in strategic Tier One 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.
Utilizing Metromedia Fiber Network's infrastructure, customers
are able to rapidly deploy state-of-the-art optical networks.
Communications carriers and Internet Service Providers gain local loop
connectivity to the most highly populated metropolitan areas.
Corporate and government customers benefit from private building-to-
building networks featuring the fastest transmission speeds available
and the highest levels of reliability and security. 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 reports filed by Metromedia
Fiber Network, including the most recently filed Form 10-Q.
--30--nmb/ny*
CONTACT: Company Contact
Metromedia Fiber Network, New York
Ellen Strahs Fader, 212/606-4389
or
Media Relations
Gibbs & Soell, Inc., New York
Gary J. Gatyas, Jr., 212/697-2600
ggatyas@gibbs-soell.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: TELECOMMUNICATIONS
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