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MFN building on first-to-market advantage
01 December 1999
Metromedia Fiber Network is building next generation broadband optical networks in 67 metropolitan areas world-wide. MFN aims to be the leading provider of private fibre-optic networks. In October 1999 Bell Atlantic acquired a 19% stake in the company. Chairman and CEO Stephen Garofalo talks to Global Telecoms Business about this acquisition and MFN's plans.
Metromedia Fiber Network (MFN), established in 1993, is
building fibre-optic networks in 67 metropolitan areas
world-wide. The company aims to lease the fibre on a fibre/mile
monthly basis to telcos, companies and government users,
seeking to establish secure communications networks for the
transport of large amounts of voice, data and video.
The world-wide network will cost about $3-4 billion and cover
3.6 million miles. The company has targeted high usage business
markets and major economic centres in the US and Europe. MFN
will be able to maintain a low-cost base, by laying up to 864
fibres/trunk in these metropolitan areas, which should
dramatically reduce the company's cost/fibre mile.
The company has funded the cost of the network build in
different ways. In October 1999, MFN announced that Bell
Atlantic had bought a 19% stake in the company and agreed to
buy dark fibre infrastructure from MFN in a...
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