Investor Group Buys Stake in At Home

At Home Network said a group of investors, including Sun Microsystems Inc. and Motorola Inc., paid $48 million for about 4.5% of the closely held high-speed Internet access service, giving the company an implied market capitalization of about $1.1 billion. Other investors are Bay Networks and Canadian cable companies Rogers Communications Inc. and Shaw Communications Inc. At Home, based in Mountain View, said it plans to use the investment to continue to expand its Internet network. At Home uses cable TV lines to connect subscribers to the Internet at speeds hundreds of times faster than conventional modems and phone lines.