Tuesday, April 3, 2007

AboveNet Acquires Metro Fiber from AT&T and Verizon

AboveNet has acquired IRUs indefeasible rights of use) in, or service agreements for, 60 building access fiber connections held by AT&T in Los Angeles and Chicago as well as 180 building access fiber connections held by Verizon in New York, Washington/Baltimore and Philadelphia.

AboveNet said it acquired these assets in competitive bid processes that AT&T and Verizon separately conducted to divest certain assets pursuant to Consent Decrees with the U.S. Department of Justice entered into in connection with the merger of SBC and AT&T, and Verizon and MCI, respectively.

The services currently provided to AT&T's and Verizon's existing customers will not be affected by these transactions.


See also