FiberNet and Qwest Enter Agreement

March 28, 2001 FiberNet Telecom Group, Inc. has implemented a $13 million, three-year agreement with Qwest Communications International, Inc.

FiberNet Telecom Group, Inc. (www.ftgx.com) has implemented a $13 million, three-year agreement with Qwest Communications International, Inc. (www.qwest.com). Under terms of the agreement, Qwest has access to FiberNet's Metropolitan Transport Networks (MTNs), FiberNet In-building Networks (FINs), and colocation space in leading carrier hotels. By using FiberNet, Qwest can now extend the capacity of nationwide optics directly to their commercial customers.

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