|Subsidiary of Zayo Group|
|Founded||1993 as National Fiber Network, 1997 as Metromedia Fiber Networks, 2003 as AboveNet|
|Headquarters||White Plains, New York, USA|
|William G. LaPerch, President and CEO; Robert Sokota, SVP, General Counsel and Chief Administrative Officer; John Jacquay, SVP of Sales and Marketing; Rajiv Datta, COO; Douglas M. Jendras, SVP of Operations; Joseph P. Ciavarella, CFO; John Donaldson, UK Managing Director, AboveNet Communications UK Ltd.|
Number of employees
|Traffic Levels||100+ Gbps|
AboveNet, Inc. provides high bandwidth connectivity primarily for large corporate enterprises and communications carriers in the United States, Canada, and Europe. AboveNet operates private metro area and long haul optical networks, and offers services including high bandwidth metro access to WDM[disambiguation needed], Metro Ethernet, VPN and IP networks, and managed services. The company is headquartered in White Plains, New York, with European operations based in London.
Founded in 1993 as National Fiber Network, Inc., the company initially focused on providing dark fiber to communications carrier customers in the U.S. and Europe. In 1997, the company changed its name to Metromedia Fiber Network, Inc. (“MFN”), and was a member of the NASDAQ-100 index.
In 1999, MFN acquired AboveNet Communications, Inc., a data center facility and Internet connectivity provider, as well as its subsidiary PAIX.net, Inc. (PAIX), an operator of Internet peering exchanges. In 2000, MFN acquired M.I.B.H., Inc., a networking consultancy operated by Paul Vixie, for $51 million in cash and stock. In 2001, MFN acquired SiteSmith, Inc., a provider of managed web-hosting services. The combined entity provided a range of services for the Internet market, including metropolitan area networks, data centers and IP network services, with former M.I.B.H. employees taking key engineering and operational positions.
As a result of the collapse of the dot-com bubble, MFN — like many other similar companies — entered a severe liquidity crisis. The company filed for Chapter 11 bankruptcy in May 2002. As part of the Chapter 11 process the company sold off non-core assets, including its data centers, in the U.S. and mainland Europe, retaining a smaller but more viable footprint. The reorganized company changed its name to AboveNet when emerging from bankruptcy in September 2003, and traded on the New York Stock Exchange as ABVT.
June 6, 2012 AboveNet was acquired by Zayo Group for $2.2B, 13% Premium.
(MAN) Metro Area Network Solutions:
(WAN) Wide Area Network Solutions:
- Holverson, Austin (28 March 2012). "AboveNet Launches High Bandwidth Network in Toronto". Telecom Carrier Updates. Retrieved 18 April 2012.
- "M&A". Fortune.
- "AboveNet Acquired by Zayo Group For $2.2B, 13% Premium". Benzinga.
- Oborn, Patrick. "Carrier Profiles: AboveNet". Telarus Industry News Briefs. Retrieved 25 February 2012.
- Christian, Bruce. "Road to Recovery" (PDF). Channel Vision Magazine. Retrieved 7 July 2009.