NEW YORK, June 13 /PRNewswire-FirstCall/ --
FiberNet Telecom Group, Inc. (Nasdaq: FTGX), a leading provider of
metropolitan optical connectivity, announced today it has executed an
agreement to purchase dark fiber from KeySpan Communications, an owner and
operator of high-speed fiber optic networks in New York City and Long Island,
New York. KeySpan Communications is a wholly owned subsidiary of KeySpan
Corporation (NYSE: KSE). The agreement provides FiberNet with dark fiber
connectivity to certain key carrier hotels in the New York metropolitan area.
Michael S. Liss, President and CEO of FiberNet said, "The agreement
supplements our extensive fiber optic infrastructure in New York, and provides
our customers with even greater network reliability through enhanced diversity
and redundancy in our dark fiber assets. We are very pleased to partner with
KeySpan Communications in New York City."
"As one of the leading utility based carriers in the NYC region, KeySpan
Communications is focused on enabling companies like FiberNet to expand their
services by utilizing our fiber optic infrastructure," said Jason M. Cohen,
Vice President of KeySpan Communications.
About KeySpan Communications
KeySpan Communications, a wholly owned subsidiary of KeySpan Energy, is
the owner, operator and developer of a 600 (route) mile fiber optic
communications network (60,000 fiber miles) on Long Island and New York City.
As a "Carrier's-Carrier" we provides dark fiber, bulk bandwidth and
communications construction services. Our fiber networks extend throughout New
York City and we offer broadband fiber access to Europe through cable landing
sites on Long Island. The company provides products and services for Carriers,
CLECs, ISPs, Businesses, Schools and Universities.
KeySpan's fiber optic network is capable of using the highest commercially
available transmission capacity of 80 x OC-192. The network includes: key
central offices, carrier co-locations, ISP headends, fiber access to major
customer facilities, access to Trans-Atlantic cable landing facilities and
capacity in diverse fiber routes between New York City and Long Island. For
more information on KeySpan Communications, please visit
http://www.keyspanenergy.com.
About FiberNet
FiberNet Telecom Group, Inc. enables carriers to connect directly with one
another with unprecedented speed and simplicity over its 100% fiber optic
networks. FiberNet manages high-density short-haul networks between carrier
hubs within major metropolitan areas. By using FiberNet's next-generation
infrastructure, carriers can quickly and efficiently deliver the full
potential of their high bandwidth data, voice and video services directly to
their customers. FiberNet has lit multiple strands of fiber on a redundant and
diversely routed SONET ring and IP architecture throughout New York City,
Chicago and Los Angeles. FiberNet sets a new standard for the fastest local
loop delivery and connectivity in carrier hubs and Class A commercial
buildings, at speeds up to OC-192 SONET and Gigabit Ethernet. For more
information on FiberNet, please visit the Company's website at
http://www.ftgx.com.
Various remarks that we may make about the Company's future expectations,
plans and prospects constitute forward-looking statements for purposes of the
safe harbor provisions under The Private Securities Litigation Reform Act of
1995. Such remarks are valid only as of today, and we disclaim any obligation
to update this information. Actual results may differ materially from those
indicated by these forward-looking statements as a result of various important
factors, including those discussed in the Company's most recent Annual Report
on Form 10-K, which is on file with the Securities and Exchange Commission.
SOURCE FiberNet Telecom Group, Inc.
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Related links:
http://www.ftgx.com
http://www.keyspanenergy.com
CONTACT:
Michelle Craft, Vice President, FiberNet
Telecom Group, Inc., +1-212-405-6206, Michelle.Craft@ftgx.com; or
Jason M. Cohen, Vice President, KeySpan Communications,
+1-516-512-7520, jcohen@keyspanenergy.com
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