$13M Deal for MFN, Storm Telecom

Storm to extend network reach to the metro area through European optical infrastructure contract with MFN

October 23, 2000

1 Min Read

LONDON -- Storm Telecommunications Limited (Storm), the first international Optical-switched Service Provider (OSP), today announced that it will lease fibre-optic infrastructure from Metromedia Fiber Network (MFN) (Nasdaq: MFNX) in key European cities, in a deal valued at more than $13 million. The agreement enables Storm to extend its optical-switched networking solutions, branded StormWave, to include 'last mile' connectivity to end-user premises for ISPs, ASPs, carriers and large multinational corporations in major cities. Storm's optical mesh network is now built in the UK, France, Germany, Norway, Sweden and Denmark extending to The Netherlands and the USA by the end of 2000. Using MFN's unique 'FiberBank' concept, Storm can utilise city rings across 16 metropolitan areas in Europe and 51 in North America.

"Our contract with Storm highlights the value of MFN's carrier-neutral fibre-optic infrastructure and represents a significant step for us in expanding our European customer base," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Network.


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