In the wake of the recent decisions by Cable and Wireless and Sprint to exit the Web hosting business, AboveNet launched a new "Move to a Better Place" marketing campaign. AboveNet is Metromedia Fiber Network's (MFN's) recently announced brand name and planned company name upon emergence from bankruptcy.
- On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries commenced voluntary Chapter 11 cases in U.S. Bankruptcy Court. The company has requested a hearing on confirmation of its plan of reorganization on August 21.
