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AboveNet Launches Metro 40Gbps Service

AboveNet, Inc. (www.above.net) (NYSE: ABVT), a leading provider of high-bandwidth connectivity solutions, announced the launch of its new Metro 40Gbps service in all 15 of its U.S. markets, providing the highest commercially available metro transport speed.

AboveNet has been at the forefront of high speed transport solutions driven by our fiber-centric delivery model,'s8221; said Rajiv Datta, AboveNet Senior VP and Chief Technology Officer. 's8220;We are proud to offer what I believe is the first metro 40Gbps transport service in the US.'s8221;

AboveNet (www.above.net)'s8217;s Metro Wave services portfolio provides high-bandwidth connectivity over dedicated fiber and equipment, offering significant operational, security and performance advantages for customers that have large transport needs. These services, including the new 40Gbps capability, offer various protection options with the ability to add additional services as needed over a private, scalable technology platform.

Just as important as the technological step this represents is our ability to offer this 40Gbps service for less than 2.5 times what a single 10Gbps service costs, which is the traditional decision point for moving to the next bandwidth level,'s8221; added Mr. Datta. 's8220;This offer is designed to help accelerate the adoption of 40Gbps technology by our high-bandwidth customers.

Bill LaPerch, AboveNet President and CEO, said, 's8220;We continue to offer innovative new services for our customers's8217; growing transport needs. Our market-leading metro 40Gbps service demonstrates our leadership in serving premier enterprise and carrier customers with cutting edge technology solutions.'s8221;

For more information about AboveNet, Inc., go to www.above.net

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 15 top U.S. metro markets and London. AboveNet'ss network is widely used in demanding markets such as financial services, media, health care, retail and government.

This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's8217;s control. This also includes such factors as are described from time to time in reports filed by AboveNet, Inc. with the Securities and Exchange Commission.

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