UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 16, 1998 METROMEDIA FIBER NETWORK, INC. (Exact Name of Registrant as Specified in its Charter) DELAWARE 000-23269 11-3168327 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) C/O METROMEDIA FIBER NETWORK SERVICES, INC. 1 NORTH LEXINGTON AVENUE, WHITE PLAINS, NEW YORK 10601 (Address of Principal Executive Offices) (Zip Code) (914) 421-6700 (Registrant's telephone number, include area code) METROMEDIA FIBER NETWORK, INC. Item 5. Other Events On July 16, 1998, the Company issued a press release (the "Release"), a copy of which is attached hereto as Exhibit 99.1, announcing a major expansion into the San Francisco Bay area and Silicon Valley, and the establishment of inter-city links connecting Chicago to the West Coast. The Release is incorporated by reference herein and made a part hereof. The Company believes that the San Francisco Bay area expansion will be completed within 24 months, although there can be no assurance that the project will be completed in this period. The Company is currently engaged in the planning process for construction of the expansion, and is also assessing the amount and nature of additional financing that will be required to implement the expansion plan. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits 99.1 Press Release, dated July 16, 1998 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: July 16, 1998 METROMEDIA FIBER NETWORK, INC. By: /s/ Gerard Benedetto ----------------------------------- Gerard Benedetto Vice President, Chief Financial Officer & Chief Accounting Officer EXHIBIT INDEX Exhibit No. Description of Exhibits 99.1 Press Release, dated July 16, 1998, by Metromedia Fiber Network, Inc.