NEW YORK, November 7, 2002 - Metromedia Fiber Network, Inc. (MFN), the leading provider of digital communications infrastructure solutions, announced today that it has been selected by Neopolitan Networks, the leading Metropolitan Gigabit Ethernet Service Provider, to provide IP transit connectivity. Neopolitan Networks will connect customers to PAIX's neutral carrier exchange facilities using MFN's IP network in the San Francisco Bay Area. PAIX is a subsidiary of MFN and the original neutral Internet exchange.

"MFN's network provides top quality performance and outstanding reliability, which is critical to us and to our customers success," said Frank R. Robles, CEO of Neopolitan Networks, "MFN's experience and well-engineered network design is an ideal match for us and we look forward to working with them well into the future."

Neopolitan will provide their customers unprecedented opportunities to peer with other network providers nationwide by connecting customers to PAIX's Palo Alto facility. MFN's IP connectivity will enable Neopolitan's customers to access peering points over a reliable, secure high-speed network.

"MFN is proud of its unwavering commitment to excellence and customer service," said John Gerdelman, president and chief executive officer of MFN. "We are pleased to be working with a fast-growing, top tier provider like Neopolitan Networks. They have a sincere commitment to offering customers the best service in the industry and MFN is glad to be chosen to be part of that commitment."

Recently, MFN was able to reduce operating costs for its IP network by more than 50% while increasing performance through greater efficiency. This improved performance and expense reduction will enable the Company to continue to be competitive now and into the future.

MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at www.mfn.com

This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the implementation of the proposed restructuring and bankruptcy court approval, and the risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Further information on factors that could affect the company's financial and other results is included in the company's Forms 10-Q, 10-K and S-3, filed with the Securities and Exchange Commission.

Original Article © 2002 Metromedia Fiber Networks, Inc. All rights reserved.