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FTGX- Infonet Awards FiberNet Contract for Optical Wavelength Services

Wednesday, December 01, 2004 07:55 ET

NEW YORK, Dec 1, 2004 /PRNewswire-FirstCall via COMTEX/ --FiberNet Telecom Group, Inc. (Nasdaq: FTGX), a leading provider of managed network services, today announced that Infonet Services Corporation, (NYSE: IN), a leading provider of global communications services for multinationals, has entered into an agreement with FiberNet to obtain optical wavelength services and other comprehensive broadband connectivity solutions.

The agreement calls for FiberNet to supply Infonet with a 2.5 Gigabit wavelength to interconnect its points-of-presence within major carrier hotels in New York City and New Jersey. FiberNet will also distribute and exchange Infonet's traffic with other carriers within key carrier hotels. Additionally, Infonet will utilize FiberNet's network construction services to build fiber lateral entrance facilities into its New Jersey network node.

Michael Liss, President and CEO of FiberNet, said, "We value Infonet's confidence in FiberNet for this network deployment. Our agreement with Infonet illustrates how our broad range of connectivity services and extensive suite-to-suite network reach adds value to our customers for their critical, high-bandwidth network backbone traffic."

By providing these network services, FiberNet will help Infonet extend the reach of its World Network(R), accessible from more than 180 countries and 3,000 cities around the world. Recently, Infonet introduced new enhanced IP Voice and IP Video services to its multinational customer base. The introduction of these services requires continued high performance and reliability in The World Network. As such, FiberNet's reliability and suite-to-suite network reach were key factors behind Infonet's decision to utilize FiberNet's wavelength services.

John Yates, Manager of Optical Infrastructure at Infonet said, "Infonet has excelled at serving the communications demands of major multinationals, and part of the reason for this success has been choosing the right partners to extend the reach of our own network. The flexibility, rapid provisioning times, and reliability of FiberNet's wavelength services were key selling points, allowing us to expand our network footprint quickly and efficiently, without unnecessary investment in facilities-based network infrastructure."

FiberNet's wavelength services enable carriers to design and operate their own high capacity networks without having to build or acquire fiber, accelerating time to market with limited network investment. Carrier and enterprise customers can use FiberNet's wavelength services to ensure network diversity and redundancy, extend geographic reach, connect multiple regional access hubs, and quickly add capacity to existing network routes.

About Infonet

Infonet Services Corporation, known for its quality of service, is a leading provider of managed network communications services for nearly 3,000 multinational entities.

Employing a unique consultative approach, Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. Extensive project management capabilities are the foundation for the services and solution offerings (broadband, Internet, intranet, multimedia, videoconferencing, wireless/remote access, local provisioning, application and consulting services) positioning Infonet as a single-source partner for multinational entities. In particular, Infonet IP VPN solutions offer multinationals a unique combination of Private and Public IP services as well as a full set of Managed Security and Mobility Services.

Rated "Best in Class" overall in Telemark's survey of Global Managed Data Network Services and Managed IP Services, Infonet also has won "Best Customer Care," "Best Managed Service," "Best Regional Carrier" and "Best Carrier" at the World Communication Awards. Founded in 1970, Infonet owns and operates The World Network(R), accessible from more than 180 countries, and provides local service support in more than 70 countries and territories.

Infonet's stock is traded on the New York Stock Exchange under the symbol IN. Additional information about the company is available at http://www.infonet.com.

About FiberNet Telecom Group, Inc.:

FiberNet Telecom Group, Inc. deploys, owns and operates fiber-optic networks in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband connectivity to other telecommunications service providers and enterprise customers for data, voice and video transmissions. FiberNet's networks provide an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information on FiberNet, visit the Company's website at http://www.ftgx.com.

Various remarks that we may make about the FiberNet's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in FiberNet's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.

SOURCE FiberNet Telecom Group, Inc.

Norma I. Salcido, Director, Marketing and Communications of
FiberNet Telecom Group, Inc., [phone], or [e-mail]

http://www.ftgx.com

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