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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Mannie who wrote (44648)12/3/2001 5:17:21 PM
From: stockman_scott  Read Replies (2) of 65232
 
AT&T Web moves ExciteatHome users

December 03, 2001


(Reuters)—AT&T Corp. Monday said it has already moved to its own high-speed Internet network nearly 40 percent of the 850,000 customers who lost service this weekend when bankrupt Web-access provider ExciteAtHome Corp. shut off service.

But AT&T also said Internet subscriber growth at its AT&T Broadband unit for the fourth quarter would be hurt by the uncertainty and disruptions surrounding the Excite situation.

About 330,000 subscribers in Oregon, Washington and the Dallas area have been moved to the new AT&T Broadband network, the company said in a statement. Customers in San Francisco and Illinois are scheduled to be moved during the day on Monday, and by day's end it expects to have switched 657,000 subscribers to its network.

The balance of its affected customers will be switched by Friday, it said.

About 850,000 AT&T Broadband Internet customers lost their service on Saturday after a U.S. Bankruptcy Court judge on Friday ruled that Excite could unplug cable-modem customers in order to negotiate a better resolution to its Chapter 11 bankruptcy proceedings. AT&T owns 23 percent of Excite and would like to buy the remaining stake.
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