and another disposal, way to go girl!Metromedia Fiber Network Sells Single Conduit to AGL Networks, Inc. Thursday, January 23, 2003 08:32 AM ET Printer-friendly version MFN Remains the Only Licensed Dark Fiber Provider in Phoenix NEW YORK, Jan. 23 /PRNewswire-FirstCall/ -- Metromedia Fiber Network, Inc. (MFN, news), the leading provider of optical communications infrastructure solutions, announced today it sold a single fiber conduit in portions of MFN's completed network in the Phoenix market to AGL Networks, LLC, a wholly owned subsidiary of AGL Resources Inc. This sale underscores the value of MFN's network topography, which runs through the major business district in Phoenix and extends to the outlying Tempe area. MFN remains the only licensed dark fiber provider in the Phoenix area, providing the Phoenix business market with an alternative to traditional telecommunications services. The remaining conduit will stay under the ownership and operation of MFN. In keeping with the Company's unique business model, MFN will continue to lease dark fiber to enterprise and carrier customers in the Phoenix area. The Company also has plans to roll out additional services in this market in the near future. "MFN's presence offers businesses in the Phoenix metropolitan area access to our unique value proposition that enables them to have a secure, reliable and private network with virtually unlimited capacity," said Bill LaPerch, Senior Vice President of Network Services, MFN. "Phoenix's growing business market holds tremendous potential for MFN's service. We are looking forward to working with more area businesses as they take advantage of our offering." About MFNMFN is the leading provider of optical communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to high-end enterprise companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light. PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility. On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York. For more information on MFN, please visit our Web site at http://www.mfn.com . This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the implementation of the proposed restructuring and bankruptcy court approval, and the risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Further information on factors that could affect the company's financial and other results is included in the company's Forms 10-Q and 10-K, filed with the Securities and Exchange Commission.SOURCE Metromedia Fiber Network, Inc.CONTACT: Kara Carbone of Metromedia Fiber Network, Inc., +1-914-683-6386, firstname.lastname@example.org
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