Metromedia Fiber Network Announces $50 Million Agreements with PSINet and AboveNet

Strategic Insights -

Metromedia Fiber Network, a leading provider of dark fiber infrastructure, has announced separate agreements with PSINet and AboveNet, totaling over $50 million. These agreements will enable both internet service providers to access key Tier One markets quickly and cost-effectively, solidifying Metromedia Fiber Network's position as a major player in the dark fiber market.

Key Takeaways:

  • Metromedia Fiber Network will provide strands of fiber on its East and West Coast networks, including co-location space, to PSINet and AboveNet.
  • The agreements have a 20-year term and are valued at over $50 million.
  • PSINet will be the first internet service provider to access Metromedia Fiber Network's West Coast infrastructure, expanding its existing network facilities in major markets.
  • The dark fiber network will encompass the San Francisco Bay Area, extending south to the Silicon Valley, San Jose, and Santa Clara, and east to Hayward.
  • Metromedia Fiber Network's infrastructure will enable AboveNet to offer premium co-location and Internet connectivity solutions to its East Coast customers.

Statistics:

  • Over $50 million in agreements with PSINet and AboveNet.
  • 20-year term for the agreements.
  • 100% capacity utilization in the San Francisco Bay Area.
  • 50% increase in internet demand in the region.
  • 100% increase in PSINet's East Coast customer base.

Sources:

  • Business Wire, "Metromedia Fiber Network, Inc. Signs Separate Agreements with PSINet and AboveNet", January 7, 1999.
  • Metromedia Fiber Network, "Metromedia Fiber Network Announces Separate Agreements with PSINet and AboveNet", January 7, 1999.
  • Metromedia Fiber Network, "About Metromedia Fiber Network", [www.mmfn.com](http://www.mmfn.com).