Finding a backup to Excite@Home
ZDNet | at | by Mike
The possibility that Excite@Home could block service Friday has forced cable companies to scramble to come up with alternative plans for their high-speed Internet access customers. Excite@Home, which filed for bankruptcy last month, said earlier this week that it could shut off its service to cable companies as early as Friday. Sources say Friday's potential end game was forced by creditors who are trying to get AT&T to raise its $307 million bid for Excite@Home. These bondholders fall later in the creditor food chain and are trying to salvage the best return they can, sources say.