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

To: Vegas who wrote (151)	3/25/1999 6:09:00 PM
From: Frank P. Pearson	Read Replies (2) \| Respond to of 835

A beautiful run today!

To: Vegas who wrote (151)	3/30/1999 9:05:00 PM
From: Mr. Miller	Respond to of 835

Monday March 1, 9:47 am Eastern Time Company Press Release SOURCE: AboveNet Communications, Inc. AboveNet Adds 20 Asia-Pacific Countries Through Agreement With Singapore Telecom AboveNet's San Jose ISX Extends Its Dominance as the U.S. Hub For Asia-Pacific Internet Companies SAN JOSE, Calif., March. 1 /PRNewswire/ -- AboveNet Communications Inc. (Nasdaq: ABOV - news), the architect of a global one-hop network that brings together high bandwidth content sites and Internet Service Providers (ISP) in a centralized co-location facility, announced today that Singapore Telecom has chosen to ally with AboveNet in order to take advantage of the benefits of their global one-hop network. The 3-year strategic business development alliance will provide Singapore Telecom (SingTel), the architect of the Singapore Telecom Internet Exchange (SingTel IX), with a U.S. presence and a direct connection into the U.S. for its ISP and high-bandwidth content site customers. SingTel IX has direct connections to more than 20 countries stretching from the India subcontinent to outlying Pacific islands and is positioned to become the regional Internet hub of Asia Pacific. Through AboveNet's network, content providers and ISPs connected to or co-located at SingTel IX can directly access other Asian ISPs, U.S. content providers and ISPs, and European ISPs co-located at AboveNet's Internet Service Exchange(TM) (ISX(TM)) facilities. They will also benefit from AboveNet's over 210 peering agreements, both in the U.S. and worldwide. This one-hop global network architecture will improve the reliability of the connectivity to SingTel IX and enable Internet applications requiring high bandwidth, low latency and low packet loss. ''AboveNet provides a competitive edge that allows SingTel to expand its value-added services globally throughout AboveNet's multiple facilities and reliable, scalable network,'' says Lim Shyong, Senior Vice President of Global Services for Singapore Telecom, ''We are very pleased by AboveNet's ISP and major content provider client list. SingTel is also impressed by AboveNet's passion for the ISX model and its one-hop network architecture that is allowing the Internet to realize the potential of emerging applications such as Voice over IP.'' ''The AboveNet/SingTel alliance will help AboveNet extend our presence in the Asia Pacific market with AboveNet's proven ISX model, which provides a more reliable, scalable and faster connection than today's Internet infrastructure currently allows.'' said Sherman Tuan, Founder and Chief Executive Officer for AboveNet. ''This alliance will help SingTel expand its network services both across the U.S. and worldwide. It is a win/win for both companies.'' About Singapore Telecom Singapore Telecom (SingTel) was incorporated on 1 April, 1992 and provides telecommunications and postal services in Singapore. Listed on the local stock exchange in November 1993, SingTel, with a market capitalization of about S$40 billion, is one of the largest companies in Asia. The Group has subsidiaries whose businesses include mobile phone and paging services, publishing, consultancy, postal services, investments, and sale of telecommunications equipment. In the financial year 1997/98, turnover for the SingTel Group amounted to S$4.9 billion, while net profit was S$1,886 million. SingTel is one of the most modern and efficient operators in the world and is a major telecommunications operator in Asia. It is committed to support Singapore's role as a leading telecommunications hub and a total business center. SingTel offers a comprehensive range of competitively priced telecommunications services, with end-to-end solutions and enhanced customer support for both business and residential customers. Nearly 5,000 foreign companies have chosen to base their regional operations in Singapore. SingTel has built a comprehensive and state-of-the-art telecommunications infrastructure in Singapore and international and will invest about $800 million in its infrastructure in FY98/99. SingTel's business strategy is to expand worldwide through strategic alliances and joint ventures. The Group has invested S$2.4 billion in 53 joint ventures and strategic investments in 20 countries, including Australia, China, Thailand, Belgium and USA. About AboveNet Communications Inc. AboveNet Communications Inc. is a premier provider of Internet connectivity and co-location solutions for high-bandwidth and mission-critical operations. AboveNet is the architect of the Internet Service Exchange (ISX) -- a superior network that provides co-location services for Content Providers and ISPs interested in commerce and partnership. The unique one-hop network design delivers the fastest, most 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