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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?

To: Epicenter who wrote (143)	3/30/1999 9:09:00 PM
From: Mr. Miller	Respond to of 835

Monday March 15, 7:30 am Eastern Time Company Press Release SOURCE: AboveNet Communications, Inc. AboveNet Opens the Internet Floodgates to Europe as it Continues Expansion Of Its Global 'One-Hop' Network European Partnerships Will Improve Connectivity and Speed SAN JOSE, Calif., March 15 /PRNewswire/ -- AboveNet(TM) Communications Inc. (Nasdaq: ABOV - news), the architect of a global one-hop network that brings together high-bandwidth content sites and ISPs in a centralized co-location facility, today announced its European expansion plan -- a strategy that will transform the Internet infrastructure by delivering reliable and scalable connectivity through an integrated infrastructure tied directly into the AboveNet Global One Hop Network(TM). AboveNet intends to form a series of joint ventures in Europe, with experienced Internet management teams and strategic partners, to create regional Internet Service Exchanges(TM) (ISX(TM)) in the major business centers across Europe. The European Regional ISX facilities will deliver to the local community a fast, reliable and scalable Internet solution for mission-critical and high bandwidth applications. These world class facilities will co-locate both content providers and ISPs together to deliver superior connectivity for local access as well as a direct link into AboveNet's global network. Clients of AboveNet will benefit from improved Internet performance and reliability as a result of the company's extensive global peering arrangements with more than 210 major ISP networks. The European facilities will also use AboveNet's proprietary management tools to monitor client equipment, manage the extensive network routes, track network usage and forecast capacity needs. ''Internet usage in Europe is exploding. High packet loss and high latency will soon become a gating factor to be overcome for mission-critical Internet applications such as e-commerce, streaming media, voice over IP and distance medicine and other emerging applications. These are issues we are currently experiencing in the U.S.,'' said Warren J. Kaplan, President and Chief Operating Officer for AboveNet. ''We are working together with certain strategic joint venture partners to extend the ISX model across Europe. This will result in a robust and scalable global Internet infrastructure -- one that is better able to handle the rapid international growth that is occurring.'' ''As we seek partners for our joint ventures, we are looking at Europe's most innovative and experienced management teams and Internet companies to accelerate the delivery of a superior global network,'' said Dr. Paul Steiner, Vice President, International for AboveNet. ''Our objective is to raise the level of the Internet experience in Europe and provide an infrastructure that will support mission-critical and high bandwidth web sites.'' About AboveNet Communications Inc. AboveNet Communications, Inc. is a premier provider of Internet connectivity and co-location solutions for high bandwidth and mission-critical applications. AboveNet is the architect of the Internet Service Exchange (ISX) -- a world class network that provides co-location services for Content Providers and ISPs interested in developing business and strategic partnerships. The AboveNet Global One-Hop Network(TM) is designed to deliver fast, scalable and reliable connections to the Internet and improves the Internet experience for all end-users. With its Tier 1 status and ISO 9002 certification, AboveNet is positioned to serve the global community of the Internet. For more information on AboveNet and its service offerings visit the company's Web site at above.net.