China Motion Telecom Teams With MFN/AboveNet to Support Growing Internet Demand in China.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 29, 2001

MFN/AboveNet To Provide Superior Internet Connectivity

For A Leading Telecommunications Service Provider 

Geared Up To Capture China's Internet Market

Metromedia Fiber Network, Inc., (MFN) (Nasdaq: MFNX) the leader in the deployment of optical IP Internet infrastructure within key metropolitan areas internationally, and provider of world-class data centers and Internet connectivity through its AboveNet Communications subsidiary, has signed an agreement with China Motion Telecom.

The agreement will provide China Motion Telecom, a major and fast-growing telecommunications service provider in the People's Republic of China, with reliable, high-capacity Internet connectivity. The deal builds on AboveNet's growing presence in the Asian telecommunications market, with major carriers and ISPs being served by AboveNet Communications.

"We have selected AboveNet to take advantage of their performance and capacity to offer our customers a better Internet experience in China," said Mr. Hau Tung Ying, Tony, chairman and chief executive officer of China Motion Telecom. "We believe that AboveNet is a perfect company to help us materialize the potential of the emerging Chinese communications marketplace. Working closely with AboveNet will enable us to compete in this rapidly deregulating market and meet the increasing demand for the Internet."

"We are enthusiastic about helping China Motion Telecom to better serve their growing customer base," said Nick Tanzi, president and chief operating officer of Metromedia Fiber Networks. "Our global network is becoming increasingly appealing for leading Asian service providers such as China Motion Telecom who are seeking ways to better serve a rapidly growing demand for Internet performance."

China Motion Telecom is teaming up with AboveNet to take advantage of its reliable and scalable network, significant bandwidth and extensive peering relationships with the key U.S. and international ISPs and content providers. China Motion Telecom's network will have access to AboveNet's One-Hop(TM) network, employing groundbreaking intelligent network routing technology and peering relationships to ensure the highest level of data integrity of any Internet backbone network. Through the relationship with AboveNet, China Motion Telecom can combine the most advanced Internet connectivity with virtually unlimited data throughput capacity.

About China Motion Telecom

China Motion Telecom International Limited ("CM Telecom" or "the Company") is a Hong Kong-based telecommunications company with extensive operations in Hong Kong and mainland China. It has a dual listing status on both the Stock Exchanges of Hong Kong and Singapore.

China Motion Telecom commenced its operations in Hong Kong in 1990 as a supplier of a wide-range of telecommunications-related equipment, products and technical services. Within a decade, China Motion Telecom and its subsidiaries ("the Group") has managed to build on its core strength to substantially diversify its business operations. To prepare for China's entry into WTO, the Group in early 2000 has undergone a major business restructuring to combine its business activities into three core business areas namely: Telecommunications Network; Distribution and Retail Chain; and Unified Messaging Service. The Group also signed a Memorandum with its strategic partner, Shenzhen China Motion Telecom Co., Ltd. (CMTL) for phased-in merger and resources sharing, with the purpose to jointly explore the untapped China telecommunications market. For more information about China Motion Telecom, please visit the company's Web site at www.china-motion.com.

About Metromedia Fiber Network, Inc.

Metromedia Fiber Network, Inc., the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered metro-area communications capacity at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.

MFN's optical network enables its customers to implement the latest data, video, Internet and multimedia applications. Through its subsidiaries AboveNet Communications, Inc., the architect of the Internet Service Exchange (ISX), PAIX.net, Inc., the first and leading neutral Internet exchange, and SiteSmith, a leader in delivering comprehensive Internet infrastructure managed services, MFN is a leading provider of Internet connectivity, co-location and managed services solutions for high-bandwidth and business-critical applications. The Company offers a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. Its global optical Internet uses open peering and "best exit" technology to deliver fast, scaleable and reliable connections to the Internet, and improves the Internet experience for end-users.

For more information on AboveNet and its service offering visit the company's Web site at www.above.net. For more information about PAIX.net, Inc., visit the company's Web site at www.paix.net. For more information about SiteSmith, visit the company's Web site at www.sitesmith.com. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com.

AboveNet, Internet Service Exchange, and ISX are trademarks of AboveNet Communications, Inc. All other company or brand names may be trademarks of the respective companies with which they are associated.

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 Forms S-3 and 10-Q, and its annual report on Form 10-K for the year ended December 31, 2000.