 |
del.icio.us |
 |
Digg |
 |
Furl |
 |
|
 |
Rojo |
| Add to OnlyWire |
| AboveNet, Inc. | |
|---|---|
 |
|
| Type | Public (Pink Sheets: ABVT) |
| Founded | mid-1990s |
| Headquarters | White Plains, NY, USA |
| Key people | Bill LaPerch, CEO |
| Industry | telecommunications |
| Employees | 500 (as of 2008) |
| Website | http://www.above.net/ |
AboveNet, Inc. (Pink Sheets: ABVT), builds private optical networks for demanding customers, using its extensive fiber assets within 14 metro markets across the United States and in London, UK. Its services include high-bandwidth,metro Ethernet solutions, IP (transit and dedicated), dark fiber and end-to-end, lit optical services including DWDM.
History
AboveNet was formed in the mid-1990s as a colocation provider in San Jose, California. The company expanded rapidly with an IPO in 1998. In 1999 the company was purchased by Metromedia Fiber Network (MFN), a White Plains, New York-based dark fiber company.
MFN traces its history back to 1993 creating one of the earliest all-fibre metro area networks in the New York area - to serve the financial services industry and eventually expanded across many cities in the US.
Later the combined company dropped the AboveNet name, and changed its ticker symbol to MFNX. At its peak in March 2000, MFN had a market cap of $27 billion, and was a member of the NASDAQ 100 index.
As a result of the collapse of the dot-com bubble, MFN - like many other similar companies, entered a severe liquidity crisis and was unable to obtain additional loans to continue operating. In April 2002, they announced that the financial results for the first three quarters of 2001 would be restated, including a charge of approximate $4 billion, and that they could not file a year-end financial statement. The company filed for Chapter 11 in May 2002.
As part of the Chapter 11 process the company sold off many of its non-core assets in the US and mainland Europe, retaining a smaller but more viable footprint.
The Present
The smaller, reorganized company changed its name to AboveNet when emerging from bankruptcy in September 2003, and now trades on the pink sheets as ABVT. Previous shares of MFNX became worthless as a result of the bankruptcy process.
It has extensive metro fiber networks in London, Boston, New York, Philadelphia, Baltimore, Washington DC, Atlanta, Chicago, Dallas, Houston, Phoenix, Los Angeles, San Francisco, Portland and Seattle. It connects more than 1000 optically enabled buildings, with more than 1.5 million metro fiber miles. AboveNet's core service offerings include; Ethernet, WAN/VPN, IP, Access and Transit, CWDM, DWDM and Dark Fiber,
External links
- http://www.above.net/
- AboveNet Network Maps
- Metro Ethernet Summer Promo Sizzles At AboveNet (2008)
- AboveNet, Inc. Broadens Fiber-Powered Metro Ethernet Portfolio (2008)
- AboveNet Wins Contract to Supply Optical Networking Solutions for Philadelphia Stock Exchange
- AS6461 - AboveNet's Tier 1 IP Backbone: Fixed Orbit stats
- Fixed Orbit Knodes Index: Shows the major networks and measures their connectivity
- Disposition of former MFN data centers
