Metromedia Fiber Network Leaps on Deal - TheStreet

Metromedia Fiber Network (MFNX) was up 15.9% in preopen Instinet trading.

The builder of fiber-optics networks said it has signed a 20-year agreement with

Deutsche Telekom

(DT) - Get Report

to provide optical infrastructure and services toward the expansion of the German telecom giant's worldwide network.