AboveNet pushes into Europe

Private optical network operator AboveNet has outlined a push into major European business hubs, to cash in on growing demand for high-bandwidth services among enterprise customers.
The firm will construct an IP-based long-haul network linking 30 data centers in Frankfurt, Paris, Amsterdam and London to its existing transatlantic links, offering business users access to 3.5Tbps of capacity.
Construction is due to be completed by the year end and services will target web-centric firms, financial services providers and multinationals
“The expansion of our network across Europe will enable existing and new customers to benefit from the fastest speeds and most secure connections to their business critical data and applications,” boss Bill LaPerch said.
A spokeswoman declined to confirm how much the firm is investing in the network, however it reaffirmed 2010 capital expenditure of $150 million (€114 million) to $160 million in 1H results.
Overseas operations currently comprise a fraction of AboveNet’s business, contributing $8.8 million to total revenues of $100.7 million during 2Q.