October 14, 2008

AboveNet Nominated for Best New Service Award

NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- AboveNet, Inc, (OTC Bulletin Board: ABVT), a leading provider of fiber optic connectivity solutions, has been selected as a finalist for the Leading Lights Award for Best New Service in 2008 for its Metro Ethernet Dedicated (ME-D) service. These awards target outstanding achievements in the communications industry as determined by Light Reading, one of the most respected and widely followed publications in the industry.

"Our Metro Ethernet Dedicated (ME-D) service offers a native Ethernet solution with guaranteed bandwidth, without a legacy SONET architecture. It was designed for customers looking for 1GbE and, significantly, 10GbE connectivity in the metro. We believe this is a compelling market offering, and are pleased to be recognized by Light Reading with this nomination" said Rajiv Datta, SVP & CTO of AboveNet.

This service is part of AboveNet's complete suite of market-proven Metro Ethernet offerings that provide a range of high bandwidth connectivity solutions for customers with 100mbps, 1Gbps and 10Gbps needs.

ME-D provides further value by offering converged access to our IP and VPN services and by having no space or power requirements, a growing area of concern for customers in expensive and constrained Data Centers. This is made possible by AboveNet's dedicated fiber model that delivers the benefits of technology directly to our customers.

Bill LaPerch, AboveNet CEO added, "AboveNet continues to drive service innovation to solve customer challenges. Our positioning as a leading high bandwidth service provider is reinforced with offerings such as Metro Ethernet Dedicated."

Leading Lights Awards to be announced on Monday, October 20, 2008, following the first day of Light Reading's Ethernet Expo in New York City.

About AboveNet, Inc.

AboveNet provides fiber optical connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among 14 top U.S. metro markets and London, UK. Its network is widely used in demanding markets such as financial services, media, health care, retail and government. For information please visit htpp://www.above.net, or contact MaryBeth Nance, Exec Dir Business Development & Marketing, at 571-262-2865 or [email protected]

About Light Reading

Founded in 2000, Light Reading (http://www.lightreading.com/) is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. It reaches an extensive audience of executives and technologists within the telecom and enterprise networking communities, as well as the financial/industry analysts and investors who track these sectors. Light Reading was acquired by United Business Media in August 2005 and operates as a member of its TechWeb division.

AboveNet, Inc.

CONTACT: MaryBeth Nance, Exec Dir Business Development & Marketing,+1-571-262-2865, [email protected]

Web Site: htpp://www.above.nethttp://www.lightreading.com/