Rochester, NY 8/20/2009 9:13:35 AM
Abovenet Inc., ABVT - AboveNet Gained More Than Double in Quarterly Earnings
Abovenet Inc.
Quarterly profits gained a market high and doubled for AboveNet , which provides high bandwidth connectivity solutions primarily to corporate enterprise clients and communication carriers in the United States and the United Kingdom.
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AboveNet’s system, which delivers network and Internet services among 15 top U.S. markets and London, has been popular among media, energy and financial services companies. Such customers need a lot of communications bandwith to operate their businesses. The company also signed up customers who are looking to use high-speed communications technology to lower their costs and boost efficiencies during the economic downturn.
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