MFN Sells its Operations in France and the Netherlands

Metromedia Fiber Network (MFN) has sold its operations in France and the Netherlands to management buyout teams, and its metropolitan fiber network in four Dutch cities to Global Voice Network Limited. MFN and its Dutch subsidiary will retain ownership of the IP network and continue to provide IP services to the management buy-out teams for resale to their customers, as well as to the Company's global customers with a presence in France and the Netherlands. Financial terms were not disclosed. As part of its ongoing European strategy, MFN will continue to operate its data centers in London, Frankfurt and Vienna, and its metropolitan area networks in London and Germany.
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