Metromedia Fiber Network to Provide Time Warner Telecom with Dark Fiber Network in New York Metropolitan Area

Business Wire, March 8, 1999

NEW YORK--(BUSINESS WIRE)--March 8, 1999--Metromedia Fiber Network, Inc. (NASDAQ:MFNX) today announced the addition of Time Warner Telecom as its newest carrier customer. Metromedia Fiber Network will provide Time Warner Telecom with high-speed, high-capacity dark fiber infrastructure in New York City and the New Jersey metropolitan area for a period of 20 years. Time Warner Telecom is in the process of launching its local telephone service for business customers in this region. Other terms of the agreement were not disclosed.

Metromedia Fiber Network is currently constructing high-bandwidth fiber optic networks in Tier One markets, providing an alternative infrastructure to CLECs and other communications carriers wishing to provide local telephone service for business and residential customers. The dark fiber infrastructure is capable of supporting various communications technologies, including SONET, ATM and Voice over IP, and provides carriers flexibility when determining how to best meet their subscribers' needs. By utilizing Metromedia Fiber Network's infrastructure, Time Warner Telecom can extend the reach of its existing facilities-based fiber network for serving medium to large businesses in the New York and New Jersey metropolitan area. Time Warner Telecom provides dedicated transport, long distance, high-speed dedicated Internet access and switched services.

"Metromedia Fiber Network continues to play a critical role in bringing the benefits of competition to the local loop," said Howard Finkelstein, president of Metromedia Fiber Network. "Time Warner Telecom's decision to use our dark fiber infrastructure further demonstrates the inherent value of dark fiber as an alternative to traditional incumbent networks. We're pleased to add them to our growing list of telecommunications carrier customers."

About Metromedia Fiber Network

Metromedia Fiber Network is building fiber optic infrastructure in the local loop in strategic Tier One markets, enabling technologically sophisticated organizations to implement the latest data, video, internet and multimedia applications. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.

Utilizing Metromedia Fiber Network's infrastructure, customers are able to rapidly deploy state-of-the-art optical networks. Communications carriers and Internet Service Providers gain local loop connectivity to the most highly populated metropolitan areas. Corporate and government customers benefit from private building-to-building networks featuring the fastest transmission speeds available and the highest levels of reliability and security. In addition to its current nationwide expansion in 11 major cities, Metromedia Fiber Network is planning to enter the international market with a fiber optic network build in Germany, and the provision of transatlantic bandwidth capacity through International Optical Network (ION), a joint venture with Racal Telecom of the United Kingdom. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com.

This news release contains certain 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 described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Form 10-Q.