Bankrupt broadband provider Excite@Home, which last week prevented its cable client companies taking on new high-speed web subscribers, has reached an agreement with Comcast Corporation to do just that.
Excite stopped accepting new customers to save cash and so preserve its services uninterrupted while it deals with bankruptcy restructuring, leaving cable companies such as AT&T, Comcast and Cox Communications – which depend on Excite to provide broadband access – scrambling to find alternative ways to meet demand [WAMN: 11-Oct-01].
Although no details of the agreement were forthcoming, Comcast announced that it ensured the installation of modems for its subscribers could be resumed by Excite. It is not known whether similar deals with other cable companies are on the cards.
News source: New York Times