AboveNet Acquires Metro Fiber from AT&T and Verizon
Fiber-optic cable is the wave of the future for businesses and a lucrative commodity for ISPs. AboveNet, Inc., a provider of fiber-based connectivity solutions for businesses and carriers, just announced the acquisition of IRUs in, or service agreements for, 60 building access fiber connections held by AT&T in Los Angeles and Chicago as well as 180 building access fiber connections held by Verizon in New York, Washington/Baltimore and Philadelphia.
AboveNet acquired these assets in a competitive bid processes that AT&T and Verizon separately conducted to divest certain assets pursuant to Consent Decrees with the U.S. Department of Justice entered into in connection with the merger of SBC and AT&T, and Verizon and MCI, respectively.
Prior to these transactions, AboveNet had more than 1,100 optically connected buildings on its network in 14 U.S. metro markets.
The services currently provided to AT&T’s and Verizon’s existing customers will not be affected by these transactions.
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