AboveNet Connects to Neutral Tandem Ethernet Network

WHITE PLAINS, N.Y., March 16, 2011 – AboveNet, Inc. (NYSE:ABVT), a leading provider of high bandwidth connectivity solutions, today announced it is extending its network capabilities through connections with Neutral Tandem’s Ethernet Exchange network. The first connection will be in New York City at Neutral Tandem’s 75 Broad St. location.

The AboveNet Ethernet connections, provisioned over, scalable, diverse fiber, help facilitate the buying and selling of industry standard Ethernet services while increasing carrier reach in the metro.

“This agreement enables AboveNet to provide Neutral Tandem customers with immediate access to our portfolio of Ethernet connectivity services and extensive fiber optic footprint in the top metro markets,” said Michael Brown, vice president, Carrier Sales at AboveNet.

Neutral Tandem’s Ethernet Exchange provides Ethernet service providers with an efficient and simplified method of interconnecting on a one-to-many basis. Utilizing Neutral Tandem’s Ethernet service solves the complex technical and business challenges traditionally tied to interconnecting to multiple service providers on a one-on-one basis. In addition, Ethernet service providers can virtually connect to multiple access providers in over one hundred Points of Presence around the world through a single connection to the Neutral Tandem Ethernet Exchange network.

“We’re pleased to have AboveNet connect to our exchange, and we are confident the value of the Exchange will be realized by AboveNet as it leverages one Network-to-Network-Interface (NNI) to connect to global network providers,” said Surendra Saboo, president and chief operating officer, Neutral Tandem.

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 such as 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.

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