PanAmSat to Buy @Home’s Net Links
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PanAmSat Corp., the largest commercial-satellite operator, said it will buy Internet connections from @Home Corp. to gain access to 2 million customers through @Home’s Excite unit. The agreement gives the company that does business as Excite@Home faster connections through PanAmSat’s 21 satellites, which bypass Web congestion. Excite will deliver entertainment, news and sports. Terms weren’t disclosed. PanAmSat shares closed off 69 cents at $26.06, while @Home fell 66 cents to close at $9.22, both on Nasdaq.
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