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AboveNet Scheduled to Report Second Quarter 2011 Financial Results on August 5

WHITE PLAINS, N.Y. July 14, 2011 — AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, will report second quarter 2011 financial results on Friday, August 5, 2011 before the market opens. The company will conduct an earnings conference call the same day at 10:00 a.m. ET. During the call, Bill LaPerch, President and Chief Executive Officer, and Joe Ciavarella, Senior Vice President and Chief Financial Officer, will provide an overview of the company’s business and financial results.

The dial in number for the call is  866-394-9472, conference ID 83124240. The call is also being webcast with an accompanying presentation, which can be accessed at http://investors.above.net. A replay of the call will be available from 1:00 p.m. ET on August 5 until 11:59 p.m. ET on August 12. To listen to the telephone replay in the U.S., please dial  855-859-2056 and for international callers, please dial  404-537-3406 The conference ID is the same as above. The webcast and the slide presentation will also be archived in the investor relations section of AboveNet’s website.

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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