AboveNet Announces New Lite Suite Product Line

NEW YORK, August 24, 2005 – AboveNet, a premier metro network access provider of custom fiber connectivity solutions for business, today announced a new suite of metro and nationwide Internet and Ethernet services. The AboveNet Lite product suite gives businesses a broad range of fiber connectivity network options to increase productivity and lower costs by using AboveNet’s flexible and scaleable architecture with solid Service Level Agreements.

AboveNet’s Metro IP Lite is a flexible Internet Access service connecting the customer’s premises to the Internet over dedicated fiber at 20 Mbps or 50 Mbps with burst capability to 100 Mbps.

AboveNet’s eWAN Lite is a Nationwide Ethernet service over a robust MPLS backbone connecting customer locations with dedicated metro fiber for reliable, dependable service. eWAN Lite is offered at 20 Mbps with burst capability to 100 Mbps and Internet Access is available to be bundled with the service for maximum flexibility.

AboveNet’s Metro Ethernet Lite is a point–to–point service over exclusively dedicated fiber connecting two customer locations within a metro area while providing the ultimate in private networking solutions. Metro Ethernet Lite is available at 100 Mbps.

All three Lite products employ intelligent CPE to support quality performance backed by solid Service Level Agreements, backed by out of band management monitored 24/7 by AboveNet’s state–of–the–art Network Operations Center.

“AboveNet’s Lite product suite has been engineered to deliver cost–effective, highly available, and reliable inter– and intra–metro Ethernet networks”, said Dejana Dua, Product Development Manager, “Our custom fiber solutions are unrivaled in the industry and are targeted to support business needs in a flexible and scaleable manner”.

About AboveNet, Inc.
AboveNet, Inc. provides fiber connectivity solutions for businesses. Its private optical network delivers key network and IP services in and between 14 top U.S. metro markets and London. AboveNet’s network is widely used in demanding markets such as financial services, where the majority of top investment banks and five of the top 10 U.S. banks rely on AboveNet for mission critical services.

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This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company’s control. This also includes such factors as are described from time to time in the SEC reports filed by AboveNet, Inc. including the most recently filed Forms S-3 and 8-K.