AboveNet Launches Core Wave Services in San Francisco Bay Area

WHITE PLAINS, N.Y., November 22, 2011 – AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, today announced that its Core Wave services are now available to enterprise and carrier customers on its San Francisco dark fiber and Silicon Valley network. The new offering provides customers with a flexible, dedicated and cost-effective data transport solution for point-to-point connections in and between top metro business hubs.

AboveNet’s Core Wave solutions are ideal for bandwidth-intensive enterprises and carriers, including financial services organizations and social media companies, which must have fast, secure, low latency connectivity for business-critical transactions.

“The Bay Area continues to be one of the industry’s centers for technology innovation,” said Rajiv Datta, chief operating at AboveNet. “AboveNet provides the high bandwidth services to this key market, and we have enhanced the infrastructure to support our customer’s needs.”

The products provide 1Gbps, 2.5Gbps, and 10Gbps connections between key data centers and/or enterprise locations in key locations including San Francisco, Santa Clara and San Jose and offer the benefits of a dedicated wavelength service along with the flexibility and time-to-market advantages of a next generation infrastructure solution.

Utilizing ROADM (Reconfigurable Optical Add/Drop Multiplexer) technology, Core Wave solutions provide dynamic wavelength add/drops and inter-ring connectivity with flexible traffic routing. Benefits to customers include:

  • Multi-protocol capability: Ethernet, TDM, storage and video
  • Protection options and transparency advantages
  • Dedicated fiber access to enterprise locations
  • Fast service turn-up
  • Space and power savings

Industry-leading latency guarantee with AboveNet’s Agility Guarantee program

Core Wave customers can also leverage AboveNet’s expansive network footprint to connect to business-critical locations in the top U.S and European metros. AboveNet connects to buildings containing more than 450 data centers, and its infrastructure includes 2.3 million fiber miles, an intercity network spanning approximately 13,000 route miles and a global Tier 1 IP backbone.

For more information about AboveNet’s Core Wave services, please visit http://www.above.net/corewave.

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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