Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Metromedia Fiber Announces Termination of Fiber Optic Agreements

Facebook Twitter LinkedIn Email Comments
NEW YORK, April 10 -- Metromedia Fiber Network Inc. has received notices from Verizon Global Networks and Genuity Solutions terminating its respective fiber optic agreements with MFN. These agreements call for the company to lease capacity to Verizon and Genuity on the company's fiber optic network and for Verizon and Genuity to make total payments to the company of $350 million and $200 million, respectively, of which $235 million and $140 million, respectively, have already been paid to MFN.

Verizon is continuing to engage in discussions with MFN concerning their relationship. Metromedia Fibers said it expects to begin negotiations with the holders of its other indebtedness for consensual restructuring.
Apr 2002
fiber opticsNews & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.