Hurricane Electric First to Establish MetroPAIX Connection at Market Post Tower
Fremont, California & Palo Alto - January 29, 2003 - PAIX.net, Inc. (PAIX), a leading carrier-neutral Internet exchange and subsidiary of Metromedia Fiber Network, Inc. (MFN), and Technical service provider Hurricane Electric, today announced that Hurricane Electric has strengthened their San Francisco Bay Area network utilizing PAIX's expanded peering fabric. The overall scope of the agreement includes an upgrade in port speed at PAIX's Palo Alto facility and participation on the newest "Peering by PAIXSM" switch located at CRG West's Market Post Tower in San Jose.

Hurricane Electric will employ full Gigabit Ethernet ports on PAIX's switch in each location. This will allow them to handle vast amounts of traffic and to publicly and privately peer with participants in either location. In addition, Hurricane Electric is one of the many participants utilizing full production Ipv6 at PAIX.

The architecture of PAIX's Bay Area expanded peering fabric, one of several "MetroPAIXSM" markets, gives Hurricane Electric a unique opportunity to exchange their IP traffic throughout the bay area and provide additional benefits to their customers. Through their port connections, Hurricane Electric will have the opportunity to publicly or privately peer and interconnect with the over 200 of regional, national and international Internet companies on PAIX's bay area network. Hurricane Electric can also incorporate their data center customers in Fremont and San Jose into the "MetroPAIX" network, giving them direct access to each PAIX and "Peering by PAIX" participant throughout the metro.

Along with joining "Peering by PAIXSM" at Market Post Tower, Hurricane Electric recently began offering IP services to customers located in the Market Post Tower Meet-Me-Room. The Market Post Tower Meet-Me-Room allows customers to freely interconnect to the world's leading service providers, bypassing costly local loop charges, in a fully conditioned environment.

Located in the heart of the Silicon Valley, Hurricane Electric runs their own Nationwide Gigabit Ethernet backbone, ranked among the top on the nation, out of Market Post Tower. Market Post Tower is also home to two of Hurricane Electric's several colocation facilities located nationwide.

"Companies, like Hurricane Electric, are extremely beneficial to PAIX's customer base in that they enhance the value of our switch fabrics by increasing the number of accessible networks and content providers," said Tim Guarnieri, VP and General Manager of PAIX.net, Inc. "Not only is Hurricane Electric a customer, but their customers, in essence, become PAIX customers and could establish their own peering or interconnection agreements with other PAIX participants."

"Hurricane Electric is pleased to team up with PAIX and be the first to utilize the expanded peering fabric from Market Post Tower," said Mike Leber, president of Hurricane Electric. "Our local and international clients will now have another diverse path and additional throughput in and out of Market Post Tower and PAIX in Palo Alto. This will create more reliability and faster traffic transfer for not only our customers, but for everyone. "

The San Francisco Bay Area "MetroPAIX" network is a comprehensive extended peering fabric which is anchored by PAIX's Palo Alto facility and includes switches deployed in eXchange Colocation @ 200 Paul Ave. in San Francisco, MFN's two San Jose Internet Data Centers, and Market Post Tower. By connecting to the "MetroPAIX" fabric, participants in any of these locations can interconnect and exchange traffic as if they were in the same facility.

About Hurricane Electric
Hurricane Electric is a Business TSP (Technical Service Provider) Specializing in Colocation, Dedicated Servers, Direct Internet Connections, and Web Hosting. Hurricane Electric operates its own national network, running Gigabit Ethernet and multiple OC-3's. Check out www.he.net to find out more information about Hurricane Electric.

About PAIX.net
PAIX.net, Inc., headquartered in Palo Alto, Calif., began operations in 1996 as Digital Equipment Corporation's Palo Alto Internet Exchange. Having proven itself as a vital part of the Internet infrastructure, PAIX serves as a packet switching center for ISPs and other Internet-centric customers. PAIX also offers secure, fault-tolerant co-location services to ISPs. PAIX enables its participants to form public and private peering relationships with each other and choose from multiple telecommunications carriers for circuits, all within the same facility. PAIX is a subsidiary of MFN. To ensure its neutrality, it operates as a separate entity with its own management. For additional information about PAIX call 877-PAIXnet (877-724-9638) or visit its Web site at www.paix.net.

On May 20, 2002, PAIX's parent company, Metromedia Fiber Network, Inc., and most of its domestic subsidiaries including PAIX commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

About MFN
MFN is the leading provider of digital communications infrastructure solutions. The Company combines the most extensive metropolitan area fiber network with a global optical IP network, state-of-the-art data centers, award-winning managed services and extensive peering relationships to deliver fully integrated, outsourced communications solutions to Global 2000 companies. The all-fiber infrastructure enables MFN customers to share vast amounts of information internally and externally over private networks and a global IP backbone, creating collaborative businesses that communicate at the speed of light.

PAIX.net, Inc., a subsidiary of MFN and the original neutral Internet exchange, offers secure, Class A co-location facilities where ISPs and other Internet-centric companies can form public and private peering relationships with each other, and have access to multiple telecommunications carriers for circuits within each facility.

On May 20, 2002, Metromedia Fiber Network, Inc. and most of its domestic subsidiaries including PAIX.net, Inc. commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York.

For more information on MFN, please visit our Web site at www.mfn.com This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia Fiber Network including the most recently filed Forms S-3, 10-K and 10-Q.

# # #