WHITE PLAINS, N.Y., February 3, 2011 – AboveNet, Inc. (NYSE:ABVT), a leading provider of high bandwidth connectivity solutions, today announced it is expanding its high performance network to strategic locations in the Los Angeles metro market. New fast, fiber optic routes will specifically extend AboveNet’s reach to enterprise and carrier customers in Costa Mesa, Irvine and into south Orange County.
With AboveNet’s deployment of the new fiber rings, businesses in the Costa Mesa and Irvine metro areas now have access to competitively priced, low latency connectivity solutions including Metro Ethernet, IP and custom wave services. The extended network infrastructure will enable rapid deployment of fiber connections in and between Orange County’s key data centers and business hubs.
“AboveNet continues to expand its network reach in the top metro markets,” said Xenophon Giannis, executive director of Pacific Region Sales at AboveNet.
“This investment brings next-generation fiber optic network services to customers in two of Los Angeles’ major business hubs.”
The new fiber loops will function as a large “feeder” ring, connecting office buildings, data centers and carrier hotels to AboveNet’s high-speed, fiber backbone now serving the central business districts of Irvine and Costa Mesa. The new Irvine ring also will support the AboveNet Pacific Region’s newest point of presence located at 17222 Von Karman Avenue.
AboveNet customers in Orange County will benefit from the company’s expansive fiber optic footprint with network capabilities in the top U.S and Europe metros and connections to buildings containing more than 400 data centers. Its infrastructure includes more than 2.3 million fiber miles, an intercity network spanning approximately 12,000 route miles and a global Tier 1 IP backbone.
AboveNet provides a complete portfolio of metro Ethernet, WDM, long haul and IP transit services and fiber optic infrastructure to enable the global business community. For more information please visit http://www.above.net/solutions/.
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.