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AboveNet Completes Network Expansion to Amsterdam, Frankfurt and Paris

WHITE PLAINS, N.Y., February 24, 2011 — AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, today announced it has completed its expansion in Amsterdam, Frankfurt and Paris. It now offers a comprehensive portfolio of

metro and WAN (wide-area network) services to enterprises and carriers across Europe.

The company’s solutions are optimized for high bandwidth customers, with a particular focus on Ethernet services with high performance features, flexibility and scalability.

“We are pleased to offer one of the most scalable, technically advanced and feature-rich network infrastructures in Europe,” said Rajiv Datta, chief operating officer at AboveNet. “The completion of the network in Europe enables us to bring our next-generation high bandwidth services portfolio to the largest business centers in Europe, and to provide seamless connectivity with our network footprint in the U.S.”

The AboveNet network was designed to serve markets with a high concentration of web-centric businesses, financial services organizations and enterprises with a multinational presence. AboveNet is currently connected to buildings with more than 400 data centers and provides business critical data connections in and between Europe’s top metro markets and to key U.S. business hubs.

Specifically, with the availability of AboveNet’s Metro Ethernet and Metro Wave solutions within each market and its Tier 1IP connectivity, advanced VPN and eXpressWave long haul solutions, customers across Europe are able to connect their enterprise and data center locations for high performance business connectivity.

The next-generation Metro Ethernet and Metro Wave solutions offer a cost-effective, high bandwidth data network for point-to-point and multipoint connections within the European metro markets. Benefits include:

  • 100mbps, 500mbps, 1Gbps, 2Gbps, 5Gbps and 10Gbps connections;
  • advanced features including privacy, security and jumbo frame support;
  • extensive customer choice with scalable technology platforms;
  • converged access options to add multiple services over the same network;
  • space and power savings and rapid service turn-up;
  • and industry-leading latency with AboveNet’s Agility Guarantee program.

AboveNet’s expansion also includes the availability of its eXpressWave services across Europe. Customers can access AboveNet’s low-latency, ultra long-haul network between key European cities and top metro markets in the U.S. These services in Europe are based on advanced 40Gbps technology with over 3.5 Tbps of system capability and include key low latency routes between financial hubs in Amsterdam, Chicago, London, New York, London, Frankfurt, and Paris.

AboveNet offers advanced point-to-point and multipoint VPN solutions with significant performance features and Tier 1 IP connectivity with one of the most extensive peering fabrics in each of these markets.

“We remain focused on providing customers with high-bandwidth network solutions in support of their IT infrastructure and increasingly cloud-based environments. With this expansion, AboveNet can provide seamless connectivity in over 20 key markets for the global enterprise,” Datta said

About AboveNet, Inc.

AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. and European markets. AboveNet’s network is widely used in demanding markets suchas financial services, media, health care, retail and government.

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Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. We cannot assure you that the future results expressed or implied by the forward-looking statements will be achieved. Such statements are based on the current expectations and beliefs of the management of AboveNet, Inc. and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, industry competition, pricing and macro-economic conditions and the Company’s financial and operating prospects. The Company’s business could be materially adversely affected and the trading price of the Company’s common stock could decline if these risks and uncertainties develop into actual events. The Company cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. A more detailed discussion of factors that may affect the Company’s business and future financial results is included in the Company’s SEC filings, including, but not limited to, those described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and in the Company’s subsequently filed Quarterly Report(s) on Form 10-Q.