Insight Communications Co. Inc. said Thursday that it has agreed to assume ownership and control of the circuit-switched telephone business provided jointly by Insight and Comcast Corp. subsidiaries in Insight's service areas since 2001.
Insight has been delivering Comcast's local telephone services to its customers in selected service areas under an operating arrangement with Comcast subsidiaries.
Comcast has provided the necessary switching and transport facilities, and Insight has leased capacity on its local network to Comcast and provided certain services and support.
The transfer will occur after a transition period, and it is subject to customary closing conditions, including regulatory approvals. It is expected to occur during the first half of 2005.
“The telephone component of our bundled offering fulfills the vision of the 1996 Telecommunications Act to bring competition to all areas of communications,” Insight CEO Michael S. Willner said in a prepared statement.
“We thank our partner, Comcast, for what has been a good working relationship in the telephone business these past years, and we look forward to continuing to provide telephone services in our markets, including our anticipated launch of voice-over-Internet-protocol services next year,” he added.