NEW YORK -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, announced that it has received the requisite consents it had solicited from holders of its 10% Senior Notes due 2008 and holders of its 10% Senior Notes due 2009 in the consent solicitation commenced on August 22, 2001. The consent solicitation expired at 12 p.m. EST on August 31, 2001. Supplemental indentures reflecting the amendments to the indentures under which such notes were issued will be executed as soon as practicable. The amendments contained in the supplemental indentures will be become effective at such time as the conditions to the consent solicitation are satisfied or waived. The Company also confirmed that the consent fee that it will pay to holders of its Euro denominated 10% Senior notes due 2009 under the terms of the consent solicitation statement is equal to Euro 1.25 per Euro 1,000 principal amount of such notes that were validly delivered and not revoked prior to the expiration of the consent solicitation. The Company is confirming the amount of the consent fee it will pay to holders of its Euro denominated notes to clarify any ambiguities relating thereto in the consent solicitation. The consent fee that the Company will pay to holders of the Dollar denominated notes that were the subject of the consent solicitation, and the conditions to such payment, remain as set forth in the consent solicitation.For additional information, please contact Salomon Smith Barney, which acted as the exclusive solicitation agent for the consent solicitation, at (800) 558-3745. Salomon Smith Barney Metromedia Fiber Network Inc. (MFN)