AT&T's big Friday: Deadlines Loom for @Home, Broadband.(AT and T Corp. waits for court decision)
Multichannel News, November, 2001 by Farrell, Mike
The Friday after Thanksgiving is "Black Friday" for retailers. But this Friday, Nov. 30, is shaping up as "Big Friday" for AT&T Corp. That's when key decisions must be made regarding the Chapter 11 bankruptcy of its majority-controlled Excite@Home Corp. cable-modem unit -- and the deadline for formal proposals from potential suitors for its AT&T Broadband division.
U.S. Bankruptcy Court Judge Thomas Carlson is expected to rule on Friday whether Excite@Home can accept AT&T'S $307 million bid for the bulk of its network assets, or if the service should be shut down, as a motion filed by company's creditors' committee has demanded. In the meantime, AT&T Corp.'s board of directors could be sifting through bids for the Broadband unit itself....
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