SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)        November 30, 1999
                                                      ---------------------

                          FIBERNET TELECOM GROUP, INC.
             (Exact name of registrant as specified in its charter)

           Nevada                    333-7841                    13-3859938
(State or Other Jurisdiction (Commission File Number)         (I.R.S. Employer
      of Incorporation)                                      Identification No.)

                              570 Lexington Avenue
                            New York, New York 10022

                         (Address of principal executive
                           offices including zip code)

                                 (212) 405-6200

                         (Registrant's telephone number,
                              including area code)

                                      N.A.
  ----------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
<PAGE>

Item 5. Other Events.

            On November 30, 1999, an aggregate of $26.4 million of the 4% Senior
Secured Convertible Notes due May 7, 2004 ("4% May Notes"), 8% Senior Secured
Convertible Notes due May 7, 2004 ("8% May Notes" and together with the 4% May
Notes, the "May Notes") and 8% Senior Secured Convertible Notes due September
28, 2004 ("8% September Notes" and together with the May Notes, the "Notes") of
FiberNet Telecom Group, Inc. (the "Registrant"), plus accrued interest thereon,
were converted into an aggregate of 13,826,868 shares of Common Stock, $.001 par
value ("Common Stock"), of the Registrant in accordance with the terms of the
Notes (such transaction hereinafter referred to as the "Conversion" and the
holders of the Notes hereinafter referred to as the "Noteholders").

            The Conversion was accomplished pursuant to, and simultaneously
with, the conversion of the Notes held by Signal Equity Partners, L.P.
("Signal"). Under the terms of the Notes, all Notes were deemed converted into
shares of Common Stock upon conversion of the Notes held by Signal, as the
current holder of the "Majority in Interest" under the terms of the Securities
Purchase Agreement dated as of May 7, 1999 by and among the Registrant and the
purchasers listed therein and the Securities Purchase Agreement dated as of
September 28, 1999 by and among the Registrant and the purchasers listed
therein, pursuant to which the May Notes and 8% September Notes were issued,
respectively.

            In connection with the Conversion, Signal requested, and the
Registrant agreed, to exchange the shares of Common Stock received by the
Noteholders in the Conversion for shares of the Registrant's newly designated
Series D Preferred Stock, $.001 par value ("Series D Preferred Stock"), Series E
Preferred Stock, $.001 par value ("Series E Preferred Stock") and Series F
Preferred Stock, $.001 par value ("Series F Preferred Stock" and together with
the Series D Preferred Stock and the Series E Preferred Stock, the "Preferred
Stock"), respectively (such transaction hereinafter referred to as the
"Exchange"). Pursuant to the Conversion and Exchange Agreement dated as of
November 30, 1999 by and among the Registrant and certain Noteholders listed
therein, the Registrant issued an aggregate of 946,584 shares of Preferred Stock
in exchange for 9,465,933 shares of Common Stock. An aggregate of 4,360,935
shares of Common Stock issued as part of the Conversion were retained by
Noteholders who did not elect to participate in the Exchange.

            Holders of the Series D Preferred Stock, Series E Preferred Stock
and Series F Preferred Stock are entitled to dividends at a rate of 4%, 8% and
8% per annum, respectively. Holders of shares of Preferred Stock are entitled to
liquidation preferences pro rata on an equal priority pari passu basis. The
Preferred Stock is non-voting and non-redeemable and is convertible into that
number of shares of Common Stock the Noteholders initially received upon the
Conversion, subject to anti-dilution adjustments.
<PAGE>

Item 7. Financial Statements and Exhibits.

                  (c) Exhibits

                        4.1   Certificate of Designation of the Series D
                              Preferred Stock of the Registrant.

                        4.2   Certificate of Designation of the Series E
                              Preferred Stock of the Registrant.

                        4.3   Certificate of Designation of the Series F
                              Preferred Stock of the Registrant.

                        10.1  Conversion and Exchange Agreement dated as of
                              November 30, 1999 by and among the Registrant and
                              the noteholders listed therein.
<PAGE>

                                   SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                          FIBERNET TELECOM GROUP, INC.
                                          (Registrant)


Dated  December 2, 1999                   By: /s/ Michael S. Liss
                                              -----------------------------
                                              Michael S. Liss
                                              President and Chief
                                              Executive Officer
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.                                  Description
-----------                                  -----------

    4.1           Certificate of Designation of the Series D Preferred Stock of
                  the Registrant.

    4.2           Certificate of Designation of the Series E Preferred Stock of
                  the Registrant.

    4.3           Certificate of Designation of the Series F Preferred Stock of
                  the Registrant.

    10.1          Conversion and Exchange Agreement dated as of November 30,
                  1999 by and among the Registrant and the noteholders listed
                  therein.
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{"company-data": {"conformed-name": "FIBERNET TELECOM GROUP INC\\", "cik": "0001001868", "assigned-sic": "4813", "irs-number": "133859938", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24661", "film-number": "99767985"}, "business-address": {"street1": "570 LEXINGTON AVENUE", "street2": "3RD FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "mail-address": {"street1": "570 LEXINGTON AVENUE", "street2": "3RD FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "former-company": {"former-conformed-name": "DESERT NATIVE DESIGNS INC", "date-changed": "19960517"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)        November 30, 1999
                                                      ---------------------

                          FIBERNET TELECOM GROUP, INC.
             (Exact name of registrant as specified in its charter)

           Nevada                    333-7841                    13-3859938
(State or Other Jurisdiction (Commission File Number)         (I.R.S. Employer
      of Incorporation)                                      Identification No.)

                              570 Lexington Avenue
                            New York, New York 10022

                         (Address of principal executive
                           offices including zip code)

                                 (212) 405-6200

                         (Registrant's telephone number,
                              including area code)

                                      N.A.
  ----------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
Item 5. Other Events.

            On November 30, 1999, an aggregate of $26.4 million of the 4% Senior
Secured Convertible Notes due May 7, 2004 ("4% May Notes"), 8% Senior Secured
Convertible Notes due May 7, 2004 ("8% May Notes" and together with the 4% May
Notes, the "May Notes") and 8% Senior Secured Convertible Notes due September
28, 2004 ("8% September Notes" and together with the May Notes, the "Notes") of
FiberNet Telecom Group, Inc. (the "Registrant"), plus accrued interest thereon,
were converted into an aggregate of 13,826,868 shares of Common Stock, $.001 par
value ("Common Stock"), of the Registrant in accordance with the terms of the
Notes (such transaction hereinafter referred to as the "Conversion" and the
holders of the Notes hereinafter referred to as the "Noteholders").

            The Conversion was accomplished pursuant to, and simultaneously
with, the conversion of the Notes held by Signal Equity Partners, L.P.
("Signal"). Under the terms of the Notes, all Notes were deemed converted into
shares of Common Stock upon conversion of the Notes held by Signal, as the
current holder of the "Majority in Interest" under the terms of the Securities
Purchase Agreement dated as of May 7, 1999 by and among the Registrant and the
purchasers listed therein and the Securities Purchase Agreement dated as of
September 28, 1999 by and among the Registrant and the purchasers listed
therein, pursuant to which the May Notes and 8% September Notes were issued,
respectively.

            In connection with the Conversion, Signal requested, and the
Registrant agreed, to exchange the shares of Common Stock received by the
Noteholders in the Conversion for shares of the Registrant's newly designated
Series D Preferred Stock, $.001 par value ("Series D Preferred Stock"), Series E
Preferred Stock, $.001 par value ("Series E Preferred Stock") and Series F
Preferred Stock, $.001 par value ("Series F Preferred Stock" and together with
the Series D Preferred Stock and the Series E Preferred Stock, the "Preferred
Stock"), respectively (such transaction hereinafter referred to as the
"Exchange"). Pursuant to the Conversion and Exchange Agreement dated as of
November 30, 1999 by and among the Registrant and certain Noteholders listed
therein, the Registrant issued an aggregate of 946,584 shares of Preferred Stock
in exchange for 9,465,933 shares of Common Stock. An aggregate of 4,360,935
shares of Common Stock issued as part of the Conversion were retained by
Noteholders who did not elect to participate in the Exchange.

            Holders of the Series D Preferred Stock, Series E Preferred Stock
and Series F Preferred Stock are entitled to dividends at a rate of 4%, 8% and
8% per annum, respectively. Holders of shares of Preferred Stock are entitled to
liquidation preferences pro rata on an equal priority pari passu basis. The
Preferred Stock is non-voting and non-redeemable and is convertible into that
number of shares of Common Stock the Noteholders initially received upon the
Conversion, subject to anti-dilution adjustments.
Item 7. Financial Statements and Exhibits.

                  (c) Exhibits

                        4.1   Certificate of Designation of the Series D
                              Preferred Stock of the Registrant.

                        4.2   Certificate of Designation of the Series E
                              Preferred Stock of the Registrant.

                        4.3   Certificate of Designation of the Series F
                              Preferred Stock of the Registrant.

                        10.1  Conversion and Exchange Agreement dated as of
                              November 30, 1999 by and among the Registrant and
                              the noteholders listed therein.
SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                          FIBERNET TELECOM GROUP, INC.
                                          (Registrant)

Dated  December 2, 1999                   By: /s/ Michael S. Liss
                                              -----------------------------
                                              Michael S. Liss
                                              President and Chief
                                              Executive Officer
EXHIBIT INDEX

Exhibit No.                                  Description
-----------                                  -----------

    4.1           Certificate of Designation of the Series D Preferred Stock of
                  the Registrant.

    4.2           Certificate of Designation of the Series E Preferred Stock of
                  the Registrant.

    4.3           Certificate of Designation of the Series F Preferred Stock of
                  the Registrant.

    10.1          Conversion and Exchange Agreement dated as of November 30,
                  1999 by and among the Registrant and the noteholders listed
                  therein.