Details of Excite@Home Deal with Comcast, Cox, Rogers
News.com reports the details of the agreement we discussed yesterday. Comcast and Cox have agreed to pay Excite@Home $160 million for three months use of the existing backbone. Toronto-based Rogers Cable, the largest cable system operator in Canada, also struck a three month "transitional deal". In the article, several cable business analysts refer to the deal as the end of Excite@Home because the major cable systems have decided to build out their own backbones.
In a followup article published later, News.com reports that AT&T is expected to drop its bid for the @Home Network assets. AT&T has been the only bidder for the assets since the company declared bankruptcy on October 1.
Update: We have now done several stories on the impact of various aspects of Excite's bankruptcy on cable companies and their customers. To see other stories, search CTDATA for Comcast Excite.