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EAGLE-Net Alliance Leverages AboveNet Fiber to Expand High Bandwidth Network in Denver

WHITE PLAINS, N.Y., March 15, 2012 – AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, today announced it is providing fiber optic infrastructure to the EAGLE-Net Alliance(EAGLE-Net) in Denver. The relationship will enhance EAGLE-Net’s established high-bandwidth infrastructure across Colorado.

AboveNet’s agreement with EAGLE-Net provides EAGLE-Net with private use of 210 route miles of fiber in the Denver metro area, including a metro fiber ring that enables connections to major peering sites in Denver. The relationship also will enable EAGLE-Net to fulfill part of the requirements set forth by the $100.6 million Broadband Technology Opportunities Program (BTOP) infrastructure grant that was awarded in September 2010.

EAGLE-Net is a Colorado intergovernmental entity which operates a cost-sharing cooperative that will deliver a carrier-quality broadband network to more than 230 community anchor institutions. EAGLE-Net is building a sustainable network to better connect education, libraries, government and health care facilities statewide. EAGLE-Net also provides commodity Internet services with access to advanced research and education networks.

“AboveNet continues to work with partners like EAGLE-Net to deliver high performance network capabilities to the Denver market,” said Chris Machen, Director, Sales Engineering at AboveNet. “Specifically, the initiative will add fiber routes to extend from Denver into Colorado’s Commerce City, Thornton, and the Broomfield areas.”

This is a key agreement that allows EAGLE-Net to meet its targets to have a Colorado state-wide peering ring operational by second quarter of 2012. The selection of this route was procured through an evaluation of responses to RFP 107057-06, Colorado Denver Metro Peering Sites.

AboveNet connects to buildings containing more than 500 data centers. Its infrastructure includes 2.5 million fiber miles, an intercity network spanning approximately 13,000 route miles and a global Tier 1 IP backbone.

To contact the AboveNet sales team, please call 877-go-ABOVE ( 877-462-2683) or email sales@above.net or use the sales inquiry form.

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.

About EAGLE-Net Alliance

The EAGLE-Net Alliance (EAGLE-Net) is a Colorado intergovernmental entity which operates a cost-sharing cooperative that will deliver a carrier quality broadband network to more than 230 community anchor institutions. EAGLE-Net is building a sustainable network to better connect education, libraries, government and health care facilities statewide. EAGLE-Net also provides commodity Internet services with access to advanced research and education networks.
EAGLE-Net was awarded a Round-2 $100.6 million Broadband Technology Opportunities Program (BTOP) infrastructure grant in September 2010 from the National Telecommunications and Information Administration (NTIA), and will bring it to completion by August 2013. For more information, go to www.co-eaglenet.net.

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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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