Press Release

AboveNet Expands High Bandwidth Network in Atlanta

Significant expansion connects AboveNet to key data centers in top business hubs in downtown Atlanta, Alpharetta, Buckhead and Norcross

WHITE PLAINS, N.Y., February 22, 2012 - AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, today announced it has made a major expansion into the Atlanta metro market. New low-latency, fiber optic routes will specifically extend AboveNet's reach to enterprise and carrier customers in downtown Atlanta, Alpharetta, Buckhead and Norcross.

"Atlanta is the major networking hub in the U.S. Southeast region, and a further investment in this market enables AboveNet to serve its diverse economy with both connections to the major data centers as well as a stellar local service and support team," said Doug Turtz, executive director of Sales at AboveNet. 

AboveNet's solutions are ideal for bandwidth-intensive enterprises and carriers with a need for fast, secure, high performance networks for business-critical transactions. With this expansion, customers in Atlanta now have access to AboveNet's full solutions portfolio including its MAN (Metro Area Network) and WAN (Wide Area Network) solutions.

"Gartner estimates that 10 percent of the national digital traffic flows through the Atlanta corridor, serving as the major hub linking high growth Southern markets to the Northeast in the U.S. and to international markets," said Dan O'Connell, Research Director at Gartner. "Atlanta is home to key economic growth centers including education, energy, health care, transportation, and high technology, as well as serving as the headquarters for numerous Fortune 500 companies."

AboveNet has also made a long-term commitment to the Southeast region with new employees that bring some of the industry's best expertise in high performance, low latency, Ethernet networks.

"Businesses, large enterprises, universities, government agencies, and other organizations continue to move mission-critical applications to data centers to handle data-intensive applications such as cloud computing, multimedia transfers, data replication and disaster recovery," said Tesh Durvasula, chief marketing officer at QTS. "We are pleased to connect to AboveNet's high performance network to offer the bandwidth services and routes to meet our customers' communications needs."

QTS is one of the nation's largest and fastest-growing providers of data center services, including two data centers in Atlanta encompassing over 1.3 million square feet. 

This expansion adds to AboveNet's existing long haul network that has served the Atlanta market for many years. Customers in Atlanta can now further benefit from AboveNet's expansive network footprint to connect to locations in the top U.S and European metros. AboveNet connects to buildings containing more than 450 data centers. Its infrastructure includes 2.4 million fiber miles, an intercity network spanning approximately 13,000 route miles and a global Tier 1 IP backbone.

To contact the AboveNet team in Atlanta, please call 877-go-ABOVE (877-462-2683) or email sales@above.net or use the sales inquiry form.

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.

# # #

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.