BroadbandNow Defers Public-Offering Plans

8/06/2000 8:00 PM Eastern

Irving, Texas-BroadbandNow Inc., a high-speed Internet provider tied to the cable industry, pulled its planned $115 million initial public offering, citing market conditions, according to a securities filing.

BroadbandNow is primarily available in multiple-dwelling units in Texas, with plans to expand to cable operators. Liberty Media Group and Microsoft Corp. are investors, owning about 6.1 percent equity each. Jeffrey Marcus, a former cable operator, owns about 1.7 percent equity.

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