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Global Broadband Signs Connectivity Agreement with FiberNet Telecom Enabling Service to 24 Class A Commercial Office Properties.

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NEW YORK--(BUSINESS WIRE)--June 14, 2001

Global Broadband, Inc., a facilities-based, Metropolitan Integrated Optical Network Carrier ("MIONC"), announced an agreement with FiberNet Telecom Group, Inc. (NASDAQ: FTGX), a leading provider of metropolitan optical connectivity.

Under terms of the agreement, Global will connect directly to 24 Class A commercial office properties in New York City and Chicago where FiberNet's In-building Networks (FINs) are in place. This will enable Global to provide tenants with HyperSpeed communications and bundled voice services. This agreement significantly augments Global's advanced service offering to the New York City market and provides the entree into one of Global's next service areas, Chicago.

Global Broadband will be able to offer tenants immediate and cost-effective access to HyperSpeed Internet, advanced data applications and bundled voice services. As part of Global's commitment to provide world-class customer service and Quality of Service requirements, it named several major account executives as Building Communications Managers to focus on each property's needs.

Global's Real Estate Vice President Dorothy McCarthy said, "Our agreement symbolizes a dramatic enhancement in building access for our Company. In a time of turbulence in the telecommunications industry we appreciate the confidence FiberNet has in our management team and business plan. We are looking forward to a long and mutually beneficial relationship."

About FiberNet:

FiberNet Telecom Group, Inc. enables carriers to connect directly with one another with unprecedented speed and simplicity over its 100 percent fiber optic networks. FiberNet manages high-density short-haul networks between carrier hubs within major metropolitan areas. By using FiberNet's next-generation infrastructure, carriers can quickly and efficiently deliver the full potential of their high bandwidth data, voice and video services directly to their customers. FiberNet has lit multiple strands of fiber on a redundant and diversely routed SONET ring and IP architecture throughout New York City, Chicago and Los Angeles. FiberNet sets a new standard for the fastest local loop delivery and connectivity in carrier hubs and Class A commercial buildings, at speeds up to OC-192 SONET and Gigabit Ethernet. For more information on FiberNet, please visit the company's website at

About Global Broadband

Global is the first integrated communications provider to leverage leading edge passive optical first mile technology to SMBs. Global's HyperSpeed data pipes (1 Mbps to 1 Gbps data speeds) create a migration path to support tomorrow's bandwidth intensive web-centric applications. Global is serving customers in the metro New York City area. For additional information, call Michelle Craft, Vice President Public Relations, 212-695-8523 extension 25, or visit the company's website at
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 14, 2001
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