It's offering to buy Excite@Home's network for $307 million. It wants to use the network to provide broadband Net access to its 1.4 million customers and, for a fee, those of the other cable companies.BONDHOLDERS
Now in control of the bankrupt company, they think $307 million is too low. They say they'll shut the network down on Nov. 30 if AT&T doesn't increase its offer.COX AND COMCAST
They just want out of the mess. Both cable players are building their own Internet networks, which won't be ready if bondholders shut down Excite@Home on Nov. 30.