Cox Communications is building its own nationwide high-speed internet network, which will eventually replace Excite@Home as its infrastructure provider.
Cox has around 550,000 customers who rely on Excite@Home for service. It is hoped the customers, which are still using Excite's infrastructure, will be moved next year.
In the meantime, it has joined with Comcast and other cable operators to sign an agreement to provide £249.5m to tide Excite@Home over for the next three months while the new infrastructure is being built. Cox and Comcast will be paying £112.5m each as part of the deal.
Meanwhile, AT&T has begun moving its 850,000 broadband internet subscribers -- who were left without a connection when Excite@Home disconnected its service last week after it failed to agree payment terms -- to its own web network. AT&T hopes the move will be completed this week.
AT&T hopes to buy the Excite@Home network and is understood to have made a £215m bid for Excite@Home but has been told by creditors that it must raise its bid to £706m in order to cover the ISP's debts.
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