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Earnings reports

FiberNet Reports Q3

NEW YORK -- FiberNet Telecom Group, Inc. (NASDAQ: FTGX), a leading provider of complex interconnection services, today announced its results for the third quarter ended September 30, 2006. Revenues for the third quarter of 2006 increased to $10.4 million, up 20.2% from $8.6 million for the third quarter of 2005 and up 9.4% from $9.5 million for the second quarter of 2006.

EBITDA (as defined) for the third quarter of 2006 was $1.5 million, up 159.1% from $0.6 million reported in third quarter of 2005 and up 30.5% from $1.2 million for the second quarter of 2006. The amounts exclude certain non-recurring items discussed below. FiberNet continued to achieve consistent revenue growth in its core product offerings of transport and colocation services. For the third quarter of 2006, revenues from transport and colocation services (excluding revenues from access management services) grew by 21.2% over the third quarter of 2005 and by 9.5% over the second quarter of 2006.

FiberNet Telecom Group Inc. (Nasdaq: FTGX)

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