Metromedia Fiber sets 2-for-1 stock split - 500 Beiträge pro Seite

[MRR]

NEW YORK, March 2 (Reuters) - Optical networking company
Metromedia Fiber Network Inc. on Thursday said its
board has approved a two-for-one split of its Class A and B
common stock.
Following the split, Metromedia will have about 421 million
Class A shares outstanding, without giving effect to
unexercised warrants and options, and it will have about 67
million Class B shares outstanding, it said.
Metromedia shares closed Wednesday at 69-3/4 on Nasdaq.
"This stock split, the fourth since the company went public
in October of 1997, reflects the company`s continued confidence
in the success of its business strategy ... and its commitment
to making our stock broadly accessible to individuals as well
as to institutional investors while maintaining a strong stock
price," Metromedia President and Chief Operating Officer Nick
Tanzi said in a statement.
The split will be distributed on April 17 to shareholders
of record as of March 14, it said.

[MRR]

Sonst noch jemand in diesem Wert? Bin heute zu 73 € rein.

MfG MRR

[MRR]

...und es war richtig!





MfG MRR

[MRR]

Kleiner Nachtrag:

Metromedia baut Glasfasernetz für AOL
von Redaktion WO, 22.02.00 16:27:00 500469

Metromedia Fiber Network Inc. (MFNX) baut mit ihrem Tochterunternehmen AboveNet für America Online (AOL) ein Glasfaser-Backbone-Netz in den USA und Europa.

Wie das Unternehmen am Dienstag in New York mitteilte, werde durch einen Ausbau bestehender Strukturen ein 29.000 Meilen langes Netz zwischen 67 Städten in Nord Amerika und Europa entstehen.

Die Aktie von Metromedia kann heute zu Handelsbeginn um 3,01 Prozent auf 77 US-Dollar zulegen, am Freitag verlor sie allerdings 7,29 Prozent.

Zur Zeit +16% auf 81$

MfG MRR

[MRR]

Metromedia Fiber Network Inc. Reports 1999 Results

NEW YORK, Mar 14, 2000 (BUSINESS WIRE) -- - Revenues increase 107% to $75.2M in
1999 from $36.4M in 1998 - Total contracts to date increase by 400% to $2.0
Billion from

$400M in 1998 - Fiber miles increase 181% to 646,000 in 1999 from 230,000 in
1998

Metromedia Fiber Network (MFN) (Nasdaq: MFNX), the leader in deployment of
optical Internet infrastructure within key metropolitan areas internationally,
reported fourth quarter and year-end results for the period ended December 31,
1999. Revenues for the year ended December 31, 1999 increased 107% to $75.2
million compared with $36.4 million for the year ended December 31, 1998.

The company reported a net loss of $115 million, or $(.28) per share, for the
year ended December 31, 1999 compared with a net income of $1.0 million, for the
year ended December 31, 1998. The net losses were primarily attributable to the
amortization of goodwill related to the AboveNet acquisition, the issuance and
sale of our 10% Senior Notes due in 2008 and 2009, issued in November 1998 and
October 1999, respectively, as well as a change in accounting treatment for
certain contracts.

"The 100 percent growth in revenue and 400 percent growth in contracts that we
experienced in 1999 underline MFN`s industry leading role in the optical
networking and Internet infrastructure arenas," said Nick Tanzi, president and
chief operating officer for Metromedia Fiber Network.

"Continued deployment of our global optical IP network will increasingly enable
advanced business and media-rich applications across the Internet and will
facilitate further impressive growth of our company and of the Internet itself."

For the year ended December 31, 1999, cost of sales was $49.0 million compared
with $13.9 million for the year ended 1998. Cost of sales as percentages of
revenue for 1999 and 1998 were 65% and 38%, respectively, increasing as a result
of the higher fixed costs related to the operation and maintenance of the
company`s fiber optic network, as well as the higher fixed costs related to its
Internet connectivity services. Depreciation and amortization expense was $46.0
million for the year ended December 31, 1999 compared with $1.5 million during
1998, resulting primarily from amortization of goodwill relating to the
acquisition of AboveNet and increased investment in the company`s completed
fiber optic network and additional property and equipment acquired.

Interest income increased 265% to $32.1 million for the year ended December 31,
1999 compared with $8.8 million for the year ended December 31, 1998. The
increase is a result of the investment of a portion the proceeds from the
issuance of and sale of the company`s 10% Senior Notes due in 2008 and 2009.

Interest expense increased for the year ended December 31, 1999 to $72.4 million
compared with $6.9 million during the same period of 1998. The increase in
interest expense reflects the issuance and sale of the company`s 10% Senior
Notes.

As the Company is in the early stage of development, it expects to generate
significant operating and net losses as it continues to build out and market its
fiber optic network and Internet infrastructure. Management believes that its
goals will be achieved through the Company`s successful implementation and
execution of its growth strategy.

Metromedia Fiber Network, Inc., headquartered in White Plains, New York, the
leading provider of end-to-end optical network and Internet infrastructure
solutions, is revolutionizing the fiber optic industry. By offering virtually
unlimited, unmetered bandwidth at a fixed cost, the Company is eliminating the
bandwidth barrier and redefining the way broadband capacity is sold. Metromedia
Fiber Network is extending metropolitan optical networking infrastructure to the
end user in strategic top-tier markets, enabling its customers to implement the
latest data, video, Internet and multimedia applications. In addition to its
current expansion in 51 cities in North America, MFN is establishing an
international presence with planned fiber optic network builds in 16 cities
throughout Europe.

Together with its subsidiaries, AboveNet Communications, Inc., a leading
provider of co-location and Internet connectivity solutions, and PAIX.NET, Inc.,
the leading neutral Internet Exchange, MFN is unleashing full potential of the
Internet. The combined company facilitates the explosive growth of e-commerce
and advanced Internet applications by delivering secure, reliable and scalable
optical networks and IP services to Internet content and service providers,
carriers and enterprise users worldwide. For more information about MFN, please
visit the company`s Web site at www.mmfn.com.

This partial discussion of the statements of financial condition and operations
of the Company should be read in conjunction with the consolidated financial
statements and related notes contained in the Company`s Annual Report on Form
10-K for the year ended December 31, 1999.

This news release contains forward-looking statements that involve risks and
uncertainties. Factors that could cause or contribute to such risks and
uncertainties include, but are not limited to, general economic and business
conditions, competition, changes in technology and methods of marketing, and
various other factors beyond the Company`s control. This also includes such
factors as are described from time to time in the SEC reports filed by
Metromedia Fiber Network, including the most recently filed Form S-3 and the
Company`s annual report on Form 10-K for the year ended December 31, 1999.


Metromedia Fiber Network, Inc. & Subsidiaries
Consolidated Balance Sheets
(in 000`s, except share amounts)

December 31,
-------------------------
1999 1998
----------- -----------
Assets
Current assets:
Cash and cash equivalents $ 1,262,391 $ 569,319
Pledged securities, current portion 31,960 61,384
Accounts receivable, net 72,166 30,910
Prepaid expenses and other current assets 10,948 4,210
----------- -----------
Total current assets 1,377,465 665,823
Fiber optic transmission network
and related equipment, net 796,684 244,276
Property and equipment, net 9,215 2,716
Pledged securities - 30,512
Restricted cash 82,193 -
Marketable securities 29,628 -
Investments in and advances to joint ventures 23,130 4,156
Other assets 102,573 26,934
Goodwill, net 1,539,097 -
----------- -----------
Total assets $ 3,959,985 $ 974,417
=========== ===========

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $ 43,344 $ 6,106
Accrued expenses 186,528 96,512
Deferred revenue, current portion 12,867 8,100
Capital lease obligations and notes
payable, current portion 6,781 55
----------- -----------
Total current liabilities 249,520 110,773
Senior notes payable 1,660,900 650,000
Capital lease obligations and notes payable 38,414 22,675
Deferred revenue 176,475 33,455
Commitments and contingencies (see notes)
Stockholders` equity:
Class A common stock, $.01 par value;
4,808,062,482 shares authorized;
411,116,800 and 310,420,440 shares
issued and outstanding, respectively 4,114 3,104
Class B common stock, $.01 par value;
1,044,509,564 shares authorized;
67,538,544 shares issued and outstanding 676 676
Additional paid-in capital 1,995,738 195,971
Accumulated deficit (157,175) (42,237)
Accumulated other comprehensive loss (8,677) -
----------- -----------
Total stockholders` equity 1,834,676 157,514
----------- -----------
Total liabilities and
stockholders` equity $ 3,959,985 $ 974,417
=========== ===========


Metromedia legen aktuell 10% auf 88$ zu.

[MRR]

Yipes to Obtain Optical Internet Infrastructure From Metromedia Fiber Network; 20-Year Agreement Valued at More than $125 Million

NEW YORK, Mar 15, 2000 (BUSINESS WIRE) -- Yipes, the leading managed optical IP
network provider, will obtain fiber optic infrastructure in major North American
markets from Metromedia Fiber Network, Inc. (MFN) (NASDAQ: MFNX), the leader in
deployment of optical Internet infrastructure within key metropolitan areas
internationally. The agreement, valued at more than $125 million, will enable
Yipes to bring ultra-high-speed Internet services to its business customers.

Yipes will lease local fiber infrastructure from MFN throughout the downtown and
surrounding suburban areas of Boston, Philadelphia, Washington, D.C., Chicago,
Los Angeles, San Francisco and Seattle. Using MFN`s high-bandwidth optical
Internet backbone, Yipes will be able to deliver an Ethernet-based,
IP-over-fiber network that provides LAN-to-LAN service between business
locations, and also high-speed, scalable Internet access ranging from 1 Mbps to
1 Gbps.

"MFN`s optical Internet infrastructure allows managed network service providers
like Yipes to offer Internet access at broadband-level capacity, enabling an
entirely new class of bandwidth-intensive applications," said Nick Tanzi,
president and chief operating officer of Metromedia Fiber Network. "Through this
agreement, Yipes will gain access to unshared, fully scalable bandwidth at a
fixed cost, allowing it to deliver today`s cutting-edge business, engineering
and multimedia services over the Internet."

"By utilizing MFN`s optical Internet infrastructure, Yipes is able to extend our
unique suite of IP-over-fiber network services with business quality of service
to customers in additional metropolitan regions nationwide," said Jerry Parrick,
CEO of Yipes. "This relationship will let us accelerate our deployment of
LAN-to-LAN and LAN-to-Internet services for meeting the critical needs of
businesses."

About Yipes



Yipes is the defining provider of a new class of managed optical IP networks.
Yipes leverages the elegance of native Ethernet technology to provide service
that is smoothly scalable (in 1 Mbps increments) from 1 Mbps to 1 Gbps, enabling
the next generation of Internet services. Yipes` networks provide roughly twice
the bandwidth at 80 percent of the price of traditional data communications
services. Yipes is funded by The Sprout Group, Norwest Venture Partners, Soros
Fund Management, Chase Capital Partners/Hambrecht & Quist, BancBoston
Ventures/Robertson Stephens, NewSpeed Capital, Extreme Networks, Intel Capital
and Juniper Networks, Inc. Additional information is available at www.yipes.com.

[MRR]

Yipes Extends Optical Internet Infrastructure Through Leased Dark Fiber From Metromedia Fiber Network; Yipes To Offer Service Nationwide

SAN FRANCISCO, Mar 15, 2000 (BUSINESS WIRE) -- Yipes, the leading managed
optical IP network provider, has extended its fiber optic infrastructure in
major North American markets through an agreement with Metromedia Fiber Network,
Inc. (MFN) (Nasdaq: MFNX), the leader in deployment of fiber optic
infrastructure within key metropolitan areas internationally. The agreement,
valued at more than $125 million, will enable Yipes to quickly bring
ultra-high-speed Internet services to more of its customers across the United
States.

Yipes provides business customers and other enhanced data service providers with
data services featuring unmatched flexibility and scalability over the familiar
Ethernet interface. Customers may select LAN-to-LAN service between business
locations or high-speed Internet services, both scalable from 1 Mbps to 1 Gbps,
in 1Mbps increments. Yipes will extend these services into downtown and suburban
areas of Boston, Philadelphia, Washington, D.C., Chicago, Los Angeles, San
Francisco and Seattle, using MFN`s fiber infrastructure.

"MFN`s fiber optic infrastructure allows managed network service providers like
Yipes to offer Internet access at broadband-level capacity, enabling an entirely
new class of bandwidth-intensive applications," said Nick Tanzi, President and
Chief Operating Officer of Metromedia Fiber Network. "Through this agreement,
Yipes will gain access to unshared, fully scalable bandwidth at a fixed cost,
allowing them to deliver today`s cutting-edge business, engineering and
multimedia services over the Internet."

"By utilizing MFN`s fiber optic infrastructure, Yipes is able to extend our
unique suite of IP-over-fiber network services with business quality of service
to customers in additional metropolitan regions nationwide," said Jerry Parrick,
CEO of Yipes. "This relationship will let us accelerate our deployment of
LAN-to-LAN and LAN-to-Internet services for meeting the critical needs of
businesses."

"Next-generation service providers like Yipes must be able to build footprint
quickly in addition to creating and provisioning services easily, while
maintaining operational economies," said Raj Mehta, Senior Analyst at the
research firm RHK. "Yipes` relationship with MFN reflects the strategy necessary
for such providers to enter the market rapidly on a large scale."

[MRR]

Electronic Arts Signs Agreement for Superior Internet Infrastructure From Metromedia Fiber Network and AboveNet

NEW YORK, Mar 16, 2000 (BUSINESS WIRE) --


MFN`s End-to-End Fiber and AboveNet`s Co-Location Services and
Internet Connectivity Support Popular Online Games from
Coast-to-Coast

Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX) and its subsidiary AboveNet
Communications, Inc. today announced that Electronic Arts (Nasdaq: ERTS) has
selected the two companies to provide the advanced optical Internet
infrastructure needed to support Electronic Arts` high-performance streaming
interactive entertainment.

Under the agreement, Electronic Arts is co-locating servers hosting interactive
game content and obtaining Internet connectivity at AboveNet`s Vienna, Virginia
and San Jose, California Internet Service Exchange (ISX) facilities. In
addition, Electronic Arts will lease unmetered fiber from MFN to enhance
connectivity with their East Coast customers.

"As the world`s leading interactive entertainment provider, we were looking for
superior network capabilities to help us deliver a better Internet experience
for our millions of customers," said Christopher Yates, vice president and CTO
of EA.com, Electronic Arts` newly formed Internet business division. "MFN and
AboveNet provide the advanced transit capabilities we needed, giving us fast,
scaleable and reliable connectivity for our customers."

"The agreement with Electronic Arts is an indication of the need among the
world`s leading content providers for a strong IP network infrastructure," said
Nick Tanzi, president and chief operating officer of Metromedia Fiber Network.
"In the gaming industry, there is no substitute for high-speed, reliable
connections through a network with the high capacity and low latency
requirements of online entertainment applications such as simulated sports games
and other media-rich streaming applications. We are helping companies like
Electronic Arts deliver the Internet of the future in real time, today."

Electronic Arts, at the forefront of providing media rich entertainment to a
large online gaming community, will leverage AboveNet`s Global One-Hop Network
to provide increased reliability and performance to all its end-users worldwide.

MFN`s planned deployment of an all-optical IP architecture over a dedicated
fiber optic network that reaches throughout the local loop in 67 cities in North
America and Europe will seamlessly connect all AboveNet facilities, including
its joint venture operations in Europe, with AboveNet`s East Coast and West
Coast hubs in Vienna, Va., and San Jose, Calif. This expansive network will
provide AboveNet customers with exceptionally fast and reliable connectivity to
the Internet. The improved capacity and reach of the 29,000 route-mile,
end-to-end network with up to multi-terabit per second capacity, combined with
world-class co-location facilities, provides an ideal IP infrastructure for the
high capacity streaming applications offered by Electronic Arts.

[MRR]

Metromedia Fiber Network and Rudin Management Company, Inc. begin implementation of Agreement To Deploy Fiber Optic Network Directly into Rudin Commercial Properties

NEW YORK, Mar 22, 2000 (BUSINESS WIRE) -- Metromedia Fiber Network (MFN)
(Nasdaq: MFNX), the leader in deployment of optical Internet infrastructure
within key metropolitan areas internationally, will provide direct fiber optic
connectivity to all of Rudin Management Company`s owned and managed commercial
properties in New York City under an agreement between the two companies.

Implementation of the agreement, which has begun, further extends the reach of
MFN`s fiber optic infrastructure directly to commercial tenants. This
high-capacity optical communications fiber is unshared and provides virtually
unlimited bandwidth at a fixed lease cost, allowing Rudin`s tenants to deploy
the most advanced Internet, data, video, broadband and voice applications.

"Metromedia Fiber Network is unleashing the optical revolution for the
commercial property owner," said Nick Tanzi, president and chief operating
officer of Metromedia Fiber Network. "This agreement allows building owners and
managers like Rudin to convert their commercial properties into `e-buildings,`
and provides them with strategic marketing tools to attract and retain quality
tenants."

The agreement covers all 16 of Rudin Management Company`s properties in
Manhattan, encompassing more than 10 million square feet of commercial space.
The Rudin properties range from 250,000 square feet to 1.6 million square feet
and include the New York Information Technology Center at 55 Broad Street
(www.55broadst.com) and the New York Global Connectivity Center
(www.32sixth.com) at 32 Sixth Avenue.

"This agreement with MFN links their carrier-neutral backbone in the streets to
our carrier-neutral onramp in our buildings," said Bill Rudin president of Rudin
Management Company. "It accomplishes three important goals: our customers get
multiple choices for carriers; telecom carriers gain a `just- plug- in`
architecture; and Rudin gets a managed riser system that can scale with time.
The other important result is all of our properties become linked as a network
that unleashes the power of e-commerce right to the desktop instead of stopping
at the foundation wall."

"The Rudin family has been instrumental in helping change the old real estate
maxim of `location, location, location` to `location, bandwidth, location,`"
said Mark Pearlman, vice president of Market and Real Estate Development for
MFN.


About Rudin Management

Rudin Management Co., Inc. is responsible for managing the Rudin Family
portfolio of properties, which consists of 38 residential and office buildings
in Manhattan. Recent projects have focused on integrating technology and
broadband connectivity into the fabric of Rudin`s real estate holdings. Jack and
Lewis Rudin serve as co-chairmen of the Company. Bill Rudin is the president.


MfG MRR