Judge Allows Excite@Home to Close

Share this article:
A bankruptcy judge said today that Excite@Home can shut down tomorrow afternoon, but cable companies that provide the high-speed Internet access are still trying to work out a deal to continue service.


AT&T Broadband, Cox Communications and Comcast Corp. were working on a deal by tonight's midnight deadline to allow service to temporarily continue so Excite@Home's four million subscribers would not be left without their broadband access.


The ruling was a win for Excite@Home's creditors, because AT&T's $307 million buyout offer for the financially-troubled high-speed service would not have been enough to pay Excite@Home's debts.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

DMA 2014 Kicks Off Under New Management

DMA 2014 Kicks Off Under New Management

Thomas Benton and Jane Berzan will preside over an event indicative of an association serving a wider array of industry segments.

De Quinto Tapped as Coke's Next CMO

De Quinto Tapped as Coke's Next CMO

The president of the company's Iberia Business Unit will take over from Joe Tripodi upon his retirement in February.

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.