AboveNet Joins Allied Fibers Dark Fiber Community

WHITE PLAINS, N.Y., March 1, 2011 – AboveNet, Inc. (NYSE:ABVT), a leading provider of high bandwidth connectivity solutions, today announced it has joined Allied Fiber’s Dark Fiber Community. The Community will benefit from AboveNet’s knowledge of high performance fiber optic networks.

Allied Fiber created the Dark Fiber Community in response to the rising demands for its dark fiber products and services as an online resource providing information and contact details for industry-leading vendors as well as the opportunity to plan one-on-one meetings with those suppliers anywhere in the world.

Since launching less than a year ago, the Dark Fiber Community has over 60 members including equipment vendors, infrastructure builders, financing companies and industry associations.

The AboveNet fiber optic network provides enterprises and carriers with high bandwidth connections provisioned over scalable, diverse fiber. The company operates its high performance network within the top U.S and European metro markets with connections to buildings containing more than 400 data centers. Its infrastructure includes more than 2.3 million fiber miles.

AboveNet provides a complete portfolio of MAN (metro area network) WDM (wave division multiplexing), and IP transit services. The company’s depth-of-knowledge and metro capabilities enable it to offer customers flexible configurations backed by the AboveNet Agility Guarantee.

“We are proud to welcome AboveNet to the Carrier Services section of the Dark Fiber Community,” said Hunter Newby, chief executive officer of Allied Fiber. “AboveNet’s metro networking expertise will be a valuable addition to the more than 60 members of our Community.”

AboveNet and Allied Fiber share a complementary view of the metro and long-haul networks.

Allied Fiber has implemented a new, multi-duct design for intermediate access to the long-haul fiber duct through a parallel short-haul fiber duct all along the route. This enables all points between the major cities, including data centers, wireless towers and rural networks, to gain access to the dark fiber. In addition, the Allied Fiber neutral colocation facilities, located approximately every 60 miles along the route, accommodate and encourage a multi-tenant interconnection environment integrated with fiber that does not yet exist in the United States on this scale.

“AboveNet is committed to offering the most extensive, low latency routes in the top metro markets,” said Michael Brown, vice president, Carrier Sales at AboveNet. “We are pleased to join Allied Fiber and the Dark Fiber Community, and we look forward to combining their knowledge of the long-haul with our deep metro network experience for the benefit our enterprise and carrier customers.”

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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