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New Edge Completes Migration from Bankrupt AtHomeWayne
Kawamoto March 7, 2002 -- New Edge Networks, a national enhanced data and broadband communications service provider, announced it has successfully completed the migration of a national network and customers from AtWork, the commercial access division of bankrupt AtHome Corp., (OTCBB:ATHMQ). For almost all affected AtWork customers, service migration was transparent. Service to a few isolated customers with complex routing to the Internet was temporarily halted when AtHome shut down its network Mar. 1 before new circuits were installed. The migration involved about 1,300 AtWork business customers in 26 metropolitan areas in 21 states. On Feb. 15 New Edge Networks announced that it paid $1.5 million in the bankruptcy sale to acquire all affected AtWork commercial customers, related premises equipment, and network routers that are installed in 33 Internet hub locations in major cities around the country. In addition to the value of equipment and a working network serving tier 1 cities, the purchase represents about $18 million in new annual revenue for New Edge Networks. -End- |
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