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The company was formerly named Metromedia Fiber Network and changed its name to AboveNet in 2003 after emerging from bankruptcy. Before its bankruptcy in 2002, the company was financially backed by John Kluge and Verizon. In 2012, the company was acquired by Zayo Group for $2.2 billion in cash.
Founded by venture capitalist John Kluge, Metromedia Company is a private holding company for AboveNet, Inc. (formerly Metromedia Fiber Network), Metromedia International Group, Inc., and Metromedia Restaurant Group.
Metromedia Fiber Network, Inc. provides high-bandwidth, fiber optic communications infrastructure to carrier and corporate/government customers in the United States and Europe.
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Feb 14, 2000 · Metromedia Fiber Network, the leader in deployment of optical networking and Internet infrastructure within key metropolitan areas worldwide, today officially announced its operational presence...
May 20, 2002 · Metromedia Fiber Network announced Monday that it has filed for Chapter 11 bankruptcy protection, becoming the latest upstart carrier to surrender to the market forces that have decimated the...
Apr 17, 2002 · The pressure on Metromedia Fiber Network (MFN) to file Chapter 11 bankruptcy intensified this week as the fiber-optics networks provider defaulted on a $975 million interest payment to Verizon...
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May 20, 2002 · Data cable company Metromedia Fiber Network Inc. (MFN) and most of its domestic subsidiaries filed for bankruptcy protection today.