@Home Network
 |
|
| Industry | Telecommunication |
|---|---|
| Fate | Bankruptcy |
| Founded | July 11, 1996 |
| Defunct | October 1, 2001 |
| Headquarters | United States |
|
Key people
|
William Randolph Hearst III, co-founder and CEO |
| Products | Broadband Internet access |
|
Number of employees
|
1,350 |
| Subsidiaries | Excite |
@Home Network was a high-speed cable Internet service provider from 1996 to 2002. It was founded by Milo Medin, cable companies Tele-Communications Inc. (TCI), Comcast, and Cox Communications, and William Randolph Hearst III, who was their first CEO, as a joint venture to produce high-speed cable Internet service through two-way television cable infrastructure.
At the company's peak it provided high speed Internet service for 4.1 million subscribers in the United States, Canada, Japan, Australia, and the Benelux nations, operating four joint ventures, three of which were international.
In 1999, the company merged with Excite.
The passing of the Telecommunications Act of 1996 enabled cable companies to start to offer Internet telephony services to customers.
The company's first VP of Engineering and later Chief Technology Officer Milo Medin, the company got its start from venture capital firm Kleiner Perkins Caufield & Byers.
In December 1998, Excite was in merger negotiations with Yahoo! inc in an agreement to purchase the Excite portal for a price between $5.5 billion and $6 billion. On December 19, at Kleiner Perkins prompting, @Home Network's Chairman and Chief Executive Officer Thomas Jermoluk met with Excite's Chairman and CEO George Bell, according to documents filed with the SEC, and a deal was hashed out for the purchase of Excite and its debt.
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Wikipedia