AboveNet Further Invests in its FinanceNet Platform and Offers its Lowest Latency Route Across London

FinanceNet - the fastest route ever delivered across the shortest optical fibre paths to key financial exchanges from the City of London to Slough.

  • (1888PressRelease) September 15, 2011 - As part of its continued investment to drive down latency in critical parts of its network, AboveNet Communications, a leading provider of high bandwidth connectivity solutions today announced that it has further reduced the latency across its FinanceNet Platform. AboveNet's new ultra-low latency route is now tested at below 220 microseconds one way, between Slough and the City, setting a new latency record for the Industry.

    This premium route will not only provide the low latency connections that financial communities require, but also a secure, scalable and reliable service between the top financial hubs, exchanges and data centres.

    "Our lowest latency ever on this route is testament to the ongoing investment AboveNet has made to provide ultra-low latency connections to the financial communities. Our purpose built fibre optic network has enabled us to provide business critical solutions to some of the world's largest financial organisations for the last ten years" said Brett Johnson, vice president, Business Development for AboveNet in Europe.

    AboveNet's London network extends from Basildon to the Docklands in the east, through the City and West End to Slough in the west, linking all London's major financial districts. Connectivity in and around London and to Slough has become of significant importance given the demand from financial service organisations.

    "With our FinanceNet solution we are able to offer one of the most reliable, secure and future-proof financial platforms in the market today; we will continue to invest in the future of our network and are committed to ensuring our customers receive the most advanced solutions available," Johnson concluded.

    About AboveNet, Inc.
    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. and European markets. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.

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    Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. We cannot assure you that the future results expressed or implied by the forward-looking statements will be achieved. Such statements are based on the current expectations and beliefs of the management of AboveNet, Inc. and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, industry competition, pricing and macro-economic conditions and the Company's financial and operating prospects. The Company's business could be materially adversely affected and the trading price of the Company's common stock could decline if these risks and uncertainties develop into actual events. The Company cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. A more detailed discussion of factors that may affect the Company's business and future financial results is included in the Company’s SEC filings, including, but not limited to, those described in “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and in the Company's subsequently filed Quarterly Report(s) on Form 10-Q.

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