ATLANTA--(BUSINESS WIRE)--Oct. 1, 2001--Cox Communications regrets that Excite@Home, its high speed Internet service partner, has experienced financial difficulties that have forced it to file for Chapter 11 bankruptcy protection. While this news is disappointing, Cox anticipates that this measure will allow Excite@Home to continue business operations while reorganizing into a stronger, better performing entity.
Excite@Home also announced that AT&T plans to acquire its high speed network. "We welcome the operating strength of AT&T," said Dallas Clement, Cox's Senior Vice President, Strategy and Development. "Our customers are our top priority, and we are confident that together, Cox, Excite@Home and AT&T will ensure the high-quality uninterrupted high speed Internet service that our Cox@Home subscribers expect and enjoy."
There is great customer demand for high speed Internet access, and Cox strongly believes that its fast, reliable Internet service is one of the best values in the marketplace today. High speed Internet service is an integral component of Cox's product offerings, and Cox is dedicated to maintaining and growing this successful business.
Cox Communications, a Fortune 500 company, serves approximately 6.2 million customers nationwide, making it the nation's fifth largest cable television company. A full-service provider of telecommunications products, Cox offers an array of services, including Cox Cable; local and long distance telephone services under the Cox Digital Telephone brand; high-speed Internet access under the brands Cox@Home, Road Runner and Cox Express; advanced digital video programming services under the Cox Digital Cable brand; and commercial voice and data services via Cox Business Services. Cox is an investor in telecommunications companies including Sprint PCS and Excite@Home, as well as programming networks including Discovery Channel and The Learning Channel. More information about Cox Communications can be accessed on the Internet at www.cox.com.
|Susan Leepson, 404/269-8260|