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To: Panita who wrote (74659)	5/12/1999 12:15:00 PM
From: Teri Garner	Read Replies (1) \| Respond to of 119973

(MFNX +5) Metromedia Fiber Network Forms Alliance With Second Largest Canadian Telecommunications Company Wednesday May 12, 11:00 am Eastern Time Company Press Release Metromedia Fiber Network Forms Alliance With Second Largest Canadian Telecommunications Company Agreements With BCT.TELUS Will Enable Company to Enter Toronto, First Tier One Canadian Market NEW YORK--(BUSINESS WIRE)--May 12, 1999-- Further expanding on the depth of its high-bandwidth intra-city networks in both international and domestic Tier One metropolitan markets, Metromedia Fiber Network, Inc. (NASDAQ:MFNX - news) today announced letters of intent for several major agreements with BCT.TELUS, providing the company, through a Canadian subsidiary, with access to Canada's rich telecommunications marketplace. The first agreement will enable Metromedia Fiber Network to extend its North American reach into Toronto, Canada, mirroring the intra-city dark fiber strategy being deployed throughout the United States and in Europe. Under the additional agreements, Metromedia Fiber Network will lease dark fiber to BCT.TELUS on a transcontinental route it has received under a previously announced swap agreement. BCT.TELUS will agree to light and operate fiber and provide Metromedia Fiber Network with the capability to extend seamless connectivity between customer locations in the United States and Canada. The transactions are contingent upon completion and execution of definitive agreements. In Toronto, the banking and financial capital of Canada, Metromedia Fiber Network will obtain a high-density fiber optic network which, when complete, will extend throughout the greater Toronto metropolitan area, covering more than 118 route kilometers. This network will allow Metromedia Fiber Network to provide customers in Toronto with the same virtually unlimited bandwidth, unmetered, private dark fiber offering available in Tier One metropolitan markets in the United States and Europe. ''We remain steadfast in our strategy of building out high-capacity networks in major metropolitan markets while seeking out opportunities to add value for our clients by linking those markets across international borders,'' said Howard Finkelstein, president of Metromedia Fiber Network. ''Our agreements with BCT.TELUS and the planned fiber optic infrastructure in Toronto will establish another beachhead for continued expansion of our dark fiber intra-city networks throughout key cities in North America and Europe.'' Through the additional agreements Metromedia Fiber Network will be able to provide coast-to-coast connectivity to its customers on a network that extends from New York through Montreal, Toronto, Detroit, Chicago, Vancouver and Seattle. About BCT.TELUS BCT.TELUS Communications Inc. is Canada's second largest telecommunications company. The BCT.TELUS group of companies provides a full range of advanced communications services and products connecting Canadians with the world. BCT.TELUS shares are traded on the Toronto and Montreal stock exchanges under the stock symbols BTS (common) and BTS.A (non-voting). 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-K.