AboveNet Launches Low Latency Connectivity Between Key Financial Centers in London and New York

WHITE PLAINS, NY and LONDON--(Marketwire - March 15, 2010) - AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, has launched one of the industry's fastest, low latency end-to-end transatlantic connections between London and New York, reaching key financial locations in:

-- London: Slough, The City and Docklands
-- New York Metro: Manhattan and New Jersey, including: Newark, Weehawken,
   Secaucus, Carteret, and Clifton

AboveNet's new low latency transatlantic service is targeted specifically at the financial sector, supporting critical applications such as foreign exchange trading and market data feeds. "With venues such as Chi-X now operating out of Equinix in Slough and NASDAQ operating out of Carteret, New Jersey, we're seeing a growing requirement for low latency transatlantic connectivity. We're expecting strong demand for our premium service from organizations such as investment banks, hedge fund operators, as well as foreign exchange and equities traders," commented Director of Sales and Marketing for AboveNet UK, Alan Berryman. "Because we can now guarantee every aspect of our transatlantic and metro services, customers can always rely on AboveNet to deliver the low latency performance their business demands," Berryman further added.

This premium service is backed by one of the industry's strongest SLAs under AboveNet's Agility Guarantee program. The program provides guarantees on the transatlantic service by combining one of the shortest transatlantic cable systems with the most direct terrestrial backhaul link into New York and Slough. In addition, AboveNet also provides latency guarantees for as low as sub-1ms round-trip for access to hundreds of buildings in the New York and London metro markets.

AboveNet Chief Technology Officer, Rajiv Datta, said, "Adding the low latency capability between New York and London is a natural extension of our industry-leading Agility Guarantee program. In addition, we can now provide high bandwidth connectivity between London and our 16 U.S. markets for a broad range of customer applications."

AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among top U.S. metro markets and globally. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government. To learn more go to www.above.net.

Contact Information: For further press information, interviews and photography, please contact the AboveNet PR Team: MaryBeth Nance - US Tel: 571 262 2865 Fiona Burke - UK Tel: + 44 20 7220 3866