FiberNet Doubles Size of 60 Hudson Street Meet-Me-Room
Phase II Expansion Provides Advanced Connectivity and Transport Solutions
NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- FiberNet Telecom Group, Inc. (Nasdaq: FTGX), a leading provider of managed network services, has completed a major expansion to the Meet-Me-Room at 60 Hudson Street in New York City -- the premier carrier hotel for global telecommunications providers in the United States. The expansion creates new business opportunities for FiberNet, doubles the size of the Meet-Me-Room and combines the transport and collocation services of the original Phase I facility with new high -- performance interconnection solutions designed to reduce cost and increase performance and reliability. The 7,400 square foot Phase II addition is a fully integrated build-out of the occupied Phase I facility which recently reached capacity for colocation services. The Phase II expansion delivers greatly expanded colocation capabilities, as well as optical and electrical interconnection systems that represent the future of colocation and network services for domestic and international carriers in FiberNet's metropolitan network infrastructure. The new facility also offers environmental control features that guarantee uninterrupted power in the event of a utility disruption to enable the flow of communications traffic. "Leveraging the success of Phase I, the 60 Hudson Street Meet-Me-Room expansion illustrates how FiberNet is at the forefront in developing state-of-the-art colocation facilities that enable complex networking interconnections," said Michael S. Liss, FiberNet president and CEO. He noted that the facility also houses a major node for the company's new IP/Ethernet network, offering new data connectivity services to global carriers and large enterprise accounts. "This expansion demonstrates the value FiberNet brings to customers through our financial strength and focus on innovation," he added. Serving as an international hub for over 100 telecommunications carriers and leading global service providers, 60 Hudson Street is one of the preeminent carrier hotels in the world. FiberNet's customer base of domestic and international carriers utilize this key communications facility to house their networking equipment and to exchange voice and data traffic. With the Meet-Me-Room's expansion, customers have rapid access to hundred of carriers, as well as services such as FiberNet's new Dedicated Internet Access, Metro Ethernet Transport, Dynamic Hub and Dynamic Gateway conversation and cross connect services. Access to these resources enables carriers to leverage FiberNet's extensive reach and to enhance the reliability and cost-efficiency of their network infrastructure. "FiberNet's expansion of the Meet-Me-Room illustrates the success of this first-class interconnection and colocation facility and the demand for communications providers to be located within 60 Hudson Street," said Robert Getreu, senior managing director of GVA Williams, the property management company for 60 Hudson Street. "We're very pleased to have chosen FiberNet to build and operate the Meet-Me-Room, and we look forward to its continued growth." About the Meet-Me-Room: Launched in partnership with the landlord as the central cross-connection facility within 60 Hudson Street, the 60 Hudson Street Meet-Me-Room provides customers with seamless and rapid interconnections and with the optimized efficiency and flexibility of a centralized, best-in-class, interconnection and colocation facility, operated on a carrier-neutral basis. The strategic location of the 60 Hudson Street Meet-Me-Room is widely utilized within the telecommunications industry by such customers as AT&T, Bell Canada, British Telecom, China Netcom, China Telecom, Level 3, SBC, Time Warner Telecom and Verizon. About FiberNet: FiberNet Telecom Group, Inc. deploys, owns and operates fiber-optic networks in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband connectivity to other telecommunications service providers and enterprise customers for data, voice and video transmissions. FiberNet's networks provide an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information on FiberNet, visit the Company's website at http://www.ftgx.com. Various remarks that we may make about FiberNet'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 FiberNet'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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