Chello cancels merger with Excite@Home

InfoWorld reports: “Chello Broadband and Excite@Home have abandoned plans to merge, the companies announced Tuesday. The transaction had been “complex, with a number of difficult business issues to resolve,” said Mark Schneider, chairman and chief executive officer of Chello’s parent company, United Pan-Europe Communications. Schneider said the parties “worked hard” to resolve the issues, but were unable to reach an agreement.”