Document:

<PAGE>

                                                                    EXHIBIT 10.8

                                                                  EXECUTION COPY

                                             FOURTH AMENDMENT AND WAIVER dated
                                    as of March 31, 2003 (this "Amendment"), to
                                    the Credit Agreement dated as of September
                                    28, 2000, as amended and restated as of
                                    April 11, 2001, and amended by the First
                                    Amendment dated as of October 31, 2001, the
                                    Second Amendment dated as of December 14,
                                    2001 and the Third Amendment dated as of
                                    March 29, 2002 (the "Credit Agreement") and
                                    the Security Agreement dated as of September
                                    28, 2000 (the "Security Agreement") among
                                    CCL Historical, Inc., formerly named
                                    CoreComm Limited (the "Parent"), ATX
                                    Communications, Inc., formerly named
                                    CoreComm Holdco, Inc. ("CCI"), CoreComm
                                    Communications, Inc. (the "Borrower"), the
                                    lenders party thereto (the "Lenders") and
                                    JPMorgan Chase Bank, as administrative agent
                                    and collateral agent (in such capacity, the
                                    "Agent").

                  WHEREAS, the Borrower, CCI and the Parent have requested that
the Lenders (such term and other capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned to such terms in the Credit
Agreement) approve amendments to certain provisions of the Credit Agreement and
waive certain provisions thereof; and

                  WHEREAS, the undersigned Lenders are willing, on the terms and
subject to the conditions set forth herein, to approve such amendments and
waivers to the Credit Agreement;

                  ACCORDINGLY, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows:

                  1. Waivers. Upon effectiveness of this Amendment in accordance
with Section 6 hereof, each Lender hereby agrees to waive, until January 31,
2004, compliance by the Parent, CCI and the Borrower with the covenants set
forth in Section 6.13, 6.19, 6.20, 6.21 and 6.22 of the Credit Agreement;
provided, however, that such waiver shall automatically expire on January 31,
2004 with the same effect as if it had never been granted.

                  2. Amendment of Credit Agreement. Upon the effectiveness of
this Amendment in accordance with Section 6 hereof, the Credit Agreement is
hereby amended as follows:

                  (a) Section 1.01 is amended by adding the following
         definitions in the appropriate alphabetical order:

                           "Operating Cash Flow" means, for any period,
                  Consolidated EBITDA for such period minus the aggregate amount
                  of Capital Expenditures during such period.

<PAGE>

                                                                               2

                           "Payment Deferral Period" means the period from and
                  including March 12, 2003, to and excluding February 2, 2004.

                  (b) Section 2.09 of the Credit Agreement is amended by:

                           (i) deleting the word "quarterly" in paragraph (a)
                  thereof and replacing each reference to "December 31, 2003" in
                  paragraph (a) with a reference to "February 2, 2004"; and

                           (ii) replacing the reference to "December 31, 2003",
                  in paragraph (c) thereof with a reference to "February 2,
                  2004".

                  (c) Section 2.10(c) is amended by deleting the proviso thereto
         in its entirety.

                  (d) Section 2.12(d) is amended to read in its entirety as
         follows:

                           "(d) Accrued interest on each Loan shall be payable
                  in arrears on each Interest Payment Date for such Loan and, in
                  the case of Revolving Loans, upon termination of the Revolving
                  Commitments; provided that (i) payment of accrued interest on
                  each Loan that would otherwise be payable on an Interest
                  Payment Date occurring during the Payment Deferral Period
                  ("Deferred Interest") shall be deferred until February 2,
                  2004, on which date all such Deferred Interest shall be due
                  and payable in full, (ii) all amounts of Deferred Interest
                  shall bear interest on each day from the Interest Payment Date
                  therefor referred to in clause (i) above until the date on
                  which such Deferred Interest is paid at a rate per annum equal
                  to the Alternate Base Rate plus 5.50%, and all such interest
                  shall be due and payable on February 2, 2004, (iii) interest
                  accrued pursuant to paragraph (c) of this Section shall be
                  payable on demand, (iv) in the event of any repayment or
                  prepayment of any Loan (other than a prepayment of an ABR
                  Revolving Loan prior to the end of the Revolving Availability
                  Period) or of any Deferred Interest, accrued interest on the
                  principal amount or amount of Deferred Interest repaid or
                  prepaid shall be payable on the date of such repayment or
                  prepayment and (v) in the event of any conversion of any
                  Eurodollar Loan prior to the end of the current Interest
                  Period therefor accrued interest on such Loan shall be payable
                  on the effective date of such conversion."

                  (e) Section 2.12 is further amended by adding a new paragraph
         (f) thereto to read as follows:

                           "(f) Notwithstanding the foregoing or any provision
                  to the contrary in this Agreement, (i) all outstanding
                  Eurodollar Loans shall automatically be (and be deemed to have
                  been) converted to ABR Loans on and as of March 12, 2003, and
                  all Loans shall bear interest on each day during the Payment
                  Deferral Period at a rate per annum equal to the Alternate
                  Base Rate plus 5.50%; provided, however, that the provisions
                  of paragraph (c) shall not apply to any unpaid principal of or
                  interest on Loans during the Payment Deferral Period and (ii)
                  except for the Interest Payment Date occurring on March 12,
                  2003, the Interest Payment Dates for all Loans during the
                  Payment Deferral Period will be the last day of each

<PAGE>

                                                                               3

                  calendar month, commencing with March 31, 2003, and concluding
                  with January 31, 2004."

                  (f) Sections 5.14, 5.16 and 5.18 of the Credit Agreement are
         deleted with the same effect as if such Sections had never been
         included in the Credit Agreement.

                  (g) Section 6.09(a) is amended by deleting clause (iv) thereof
         in its entirety and the proviso to clause (ii) of Section 6.09(b) is
         amended to read as follows: "provided, that any payment of interest
         accruing (x) under the ATX Note shall be made only with common stock of
         CCI and (y) under CCI's 10.75% Convertible PIK Notes shall be made only
         in additional 10.75% Convertible PIK Notes or with common stock of
         CCI;"

                  (h) Section 6.14 is amended to read in its entirety as
         follows:

                           "SECTION 6.14. Minimum On-Net Access Lines. The
                  Borrower, CCI and the Parent will not permit the number of
                  On-Net Access Lines, on any date set forth below, to be less
                  than the number indicated below for such date:

<TABLE>
<CAPTION>
                                     Minimum On-Net
       Date                           Access Lines
       ----                           ------------
<S>                                  <C>
March 31, 2003                          197,000
June 30, 2003                           200,000
September 30, 2003                      208,000
December 31, 2003                       218,000"
</TABLE>

                  (i) Section 6.15 is amended to read in its entirety as
         follows:

                           "SECTION 6.15. Minimum Consolidated Service Revenue.
                  The Borrower, CCI and the Parent will not permit Consolidated
                  Service Revenue for any fiscal quarter ending on March 31,
                  2003, June 30, 2003, September 30, 2003, or December 31, 2003
                  to be less than $65,000,000."

                  (j) Section 6.23 is amended to read in its entirety as
         follows:

                           "SECTION 6.23. Maximum Capital Expenditures. The
                  Borrower, CCI and the Parent will not permit Capital
                  Expenditures of the Parent, CCI, the Borrower and the other
                  Restricted Subsidiaries in either period of two consecutive
                  fiscal quarters set forth below to exceed the amount set forth
                  below opposite such period:

<TABLE>
<CAPTION>
     Period of Two                      Maximum Capital
Fiscal Quarters Ending                    Expenditures
----------------------                    ------------
<S>                                     <C>
June 30, 2003                            $  5,198,000
December 31, 2003                           5,212,000
</TABLE>

<PAGE>

                                                                               4

                  ; provided, however, that the amount of Capital Expenditures
                  in the period of two consecutive fiscal quarters ending
                  December 31, 2003 permitted to be incurred pursuant to the
                  table above shall be increased by an amount equal to the
                  unused Capital Expenditures permitted pursuant to the table
                  above for the period of two consecutive fiscal quarters ending
                  June 30, 2003."

                  (k) Article VI of the Credit Agreement is amended by adding a
         new Section 6.27 to read as follows:

                           "SECTION 6.27. Minimum Operating Cash Flow. The
                  Borrower, CCI and the Parent will not permit Operating Cash
                  Flow for any fiscal quarter set forth below to be less than
                  the amount set forth below opposite such period:

<TABLE>
<CAPTION>
Fiscal Quarter Ending               Minimum Operating Cash Flow
---------------------               ---------------------------
<S>                                 <C>
March 31, 2003                              $   (832,000)
June 30, 2003                                    364,000
September 30, 2003                               487,000
December 31, 2003                                596,000
</TABLE>

                  (l) Article VI of the Credit Agreement is amended by adding a
         new Section 6.28 to read as follows:

                           "SECTION 6.28. Settlement of Claims. On and after
                  March 31, 2003, the Borrower, CCI and the Parent will not, and
                  will not cause or permit any Restricted Subsidiary to, make
                  any payment or transfer any assets in payment, satisfaction,
                  compromise or settlement of all or any portion of a Specified
                  Claim in an aggregate cumulative amount with respect to any
                  such Specified Claim in excess of $500,000 (any such assets
                  transferred being valued at their fair market value for
                  purposes of determining compliance with such limitation),
                  unless, in each case, the Required Lenders have given their
                  prior written consent to such payment or transfer. For
                  purposes of the foregoing, the term "Specified Claim" means
                  any claim asserted in any litigation or arbitration proceeding
                  against the Borrower, CCI, the Parent or any Subsidiary that
                  was pending on March 31, 2003, and any claim at any time
                  asserted in any litigation or arbitration proceeding against
                  any such Person relating to or in respect of the Convertible
                  Notes or the 10.75% Convertible PIK Notes of CCI."

                  (m) Article VII of the Credit Agreement is amended by (i)
         deleting clause (p) thereof and (ii) replacing the reference to
         "$2,000,000" in clause (k) thereof with a reference to "$500,000" and
         adding the following proviso at the end of clause (k):

                  "provided, however, that the existing $1,080,000 judgment in
                  favor of Easton Telecom shall not result in an Event of
                  Default hereunder so long as no portion of any such judgment
                  is paid and no attachment of or levy upon any assets of the
                  Parent, CCI, the Borrower or any other Restricted Subsidiary
                  having assets in excess of $20,000 is legally effected to
                  enforce such judgment;"

<PAGE>

                                                                               5

                  3. Amendment of Security Agreement. Upon the effectiveness of
this Amendment in accordance with Section 6 hereof, the Security Agreement is
hereby amended as follows:

                  (a) The definition of "Collateral" in Section 1.01 is hereby
         amended and restated in its entirety as follows:

                           "Collateral" shall mean all (a) Accounts Receivable,
                  (b) Documents, (c) Equipment, (d) General Intangibles, (e)
                  Inventory, (f) cash and cash accounts (g) Investment Property,
                  (h) any Proceeds, (i) all other assets, rights and interests
                  that uniquely reflect or embody goodwill associated with the
                  Trademarks and (j) all Commercial Tort Claims; provided that
                  "Collateral" shall not include Excluded Assets.

                  (b) Section 1.01 is amended by adding the following definition
         in the appropriate alphabetical order:

                           "Commercial Tort Claims" shall mean any and all
                  right, title and interest of any Grantor in any Commercial
                  Tort Claim, including but not limited to claims that are the
                  subject of pending litigation against Ameritech and certain of
                  its affiliates (Ohio Bell Telephone d/b/a Ameritech vs.
                  CoreComm Newco, Inc., C.A. No. 1:01CV02057 (N.D. Ohio, Eastern
                  Division)) and Verizon Communications, Inc. and certain of its
                  affiliates (Verizon Communications, Inc., et. al vs. ATX
                  Communications, Inc., et al. C.A. No. 02-1374 (SLR) (D. Del)).

The amendments to the Security Agreement effected hereby shall not, by
implication or otherwise, affect any security interest in Commercial Tort Claims
or General Intangibles existing under the Security Agreement prior to the
effectiveness of this Amendment.

                  4. No Other Amendments or Waivers; Confidentiality. (a) Except
as expressly amended and waived hereby, the provisions of the Credit Agreement
and each other Loan Document are and shall remain in full force and effect.
Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a
waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any Loan Document in similar or different circumstances.

                  (b) The Borrower, CCI and the Parent will not, and will not
permit any Subsidiary to, name or identify the Lenders in any press release,
public communication or governmental filing made of or with respect to this
Amendment or relating to the subject matter hereof (including pursuant to the
filing of any signature pages hereto). The provisions of this paragraph (b) will
be deemed a covenant under Article VI of the Credit Agreement the breach of
which will result in an immediate Event of Default under Article VII of the
Credit Agreement.

                  5. Representations and Warranties. After giving effect to this
Amendment, each Loan Party hereby represents and warrants to the Agent and the
Lenders that:

                  (a) As of the date hereof, no Default or Event of Default has
         occurred and is continuing;

<PAGE>

                                                                               6

                  (b) Except as set forth in Exhibit A to this Amendment, all
         representations and warranties of each Loan Party set forth in the Loan
         Documents are true and correct in all material respects as of the date
         hereof, except to the extent that any representation or warranty
         relates to an earlier date (in which case such representation or
         warranty is true and correct in all material respects as of such
         earlier date); and

                  (c) No fee or other compensation has been or will be paid to
         the Agent or any Lender (other than as set forth in this Amendment)
         that is in any way intended to compensate the Agent or such Lender for
         its agreement to the terms of this Amendment, and no contractual
         relationship currently exists or is contemplated between the Agent or
         any Lender and the Borrower (other than as set forth in this Amendment)
         that is in any way intended to compensate the Agent or such Lender for
         its agreement to the terms of this Amendment.

                  6. Conditions Precedent to Effectiveness. This Amendment shall
become effective on the date on which each of the following conditions is
satisfied (the "Effective Date"):

                  (a) The Agent shall have received counterparts hereof duly
         executed and delivered by the Parent, CCI, the Borrower, each of the
         other Loan Parties, the Agent and each of the Lenders.

                  (b) The Agent shall have received all fees and other amounts
         due and payable on or prior to the Effective Date, including
         reimbursement or payment of all out-of-pocket expenses (including fees,
         charges and disbursements of counsel) required to be reimbursed or paid
         by an Loan Party hereunder or under any Loan Document, in each case to
         the extent invoiced on or prior to the Effective Date.

In the case of provisions relating to changes in interest rates, deferrals of
interest payments and conversions of outstanding Loans to ABR Loans, this
Amendment will be retroactively effective to the dates specified herein for such
changes, deferrals and conversions.

                  7. Expenses. The Borrower agrees to reimburse the Agent for
its out-of-pocket expenses in connection with this Amendment, including the
fees, charges and disbursements of Cravath, Swaine & Moore and Wachtell Lipton
Rosen & Katz, counsel for the Agent, and of FTI Consulting, Inc., advisor to the
Agent.

                  8. Governing Law; Counterparts. (a) This Amendment shall be
governed by and construed in accordance with the laws of the State of New York.

                  (b) This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts, and all of
such counterparts taken together shall be deemed to constitute one and the same
instrument. This Amendment may be delivered by facsimile transmission of the
signature pages hereof.

<PAGE>

                                                   EXHIBIT A TO FOURTH AMENDMENT

         These Schedules are intended to update, solely for purposes of the
representations made in this Fourth Amendment, certain Schedules and certain
representations and warranties in the Credit Agreement.

<PAGE>

                                SCHEDULE 3.04(b)
                 Financial Condition; No Material Adverse Change

Except for matters occurring prior to the Effective Date of the Fourth Amendment
which have been disclosed to the Lenders or their representatives in writing
prior to such date, there has been no material adverse change in the actual or
prospective businesses, assets, operations or condition of the Parent, Borrower
or other Restricted Subsidiaries, taken as a whole.

<PAGE>

                                SCHEDULE 3.05(c)
                                   Properties

Set forth below is the address of each real property that is leased by the
Parent (the Parent has no owned property), the Borrower or any other Restricted
Subsidiary.

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                     PHYSICAL ADDRESS                               CITY          STATE      ZIP
--------------------------------------------------------------------------------------------------
<S>                                                               <C>             <C>       <C>
Christina Executive Campus; 131 Continental Drive #303            Newark           DE
--------------------------------------------------------------------------------------------------
70 Hubbard St., Suite 410, 4th Floor                              Chicago          IL       60610
--------------------------------------------------------------------------------------------------
65 East Wacker Place, Suite 400, Bsmt Room 150                    Chicago          IL       60601
--------------------------------------------------------------------------------------------------
225 West Ohio St Suite 200                                        Chicago          IL       60610
--------------------------------------------------------------------------------------------------
225 West Ohio St Suite 250                                        Chicago          IL       60610
--------------------------------------------------------------------------------------------------
6201 N. Winthrop, Suite 5, 6, 7, 8 / 6251 N. Winthrop, Suite 5    Indianapolis     IN
--------------------------------------------------------------------------------------------------
824 E. Tipton Street                                              Seymour          IN
--------------------------------------------------------------------------------------------------
Cormwell Center; 809 Gleneagles Crt #200                          Towson           MD       21286
--------------------------------------------------------------------------------------------------
451 D Street / 60-84 Fargo St                                     Boston           MA       02210
--------------------------------------------------------------------------------------------------
201 E. Seventeenth St., Suite B, Boardman View Terrance           Traverse City    MI
--------------------------------------------------------------------------------------------------
4660 S. Hagadorn Suite 320                                        East Lansing     MI       48823
--------------------------------------------------------------------------------------------------
2875 Eyde Parkway                                                 East Lansing     MI
--------------------------------------------------------------------------------------------------
325 E. Lake St. Units 21,23,24,27 & 29B                           Petoskey         MI       49770
--------------------------------------------------------------------------------------------------
West Main Arcade Suites 626 & 626A                                Oshtemo          MI
--------------------------------------------------------------------------------------------------
3625 W St. Joseph, Unit T31                                       Lansing          MI       48917
--------------------------------------------------------------------------------------------------
Plaza 9 Building; 900 Route 9 North                               Woodbridge       NJ        8095
--------------------------------------------------------------------------------------------------
Century Corp Center; 100 Century Pkwy, 1st floor                  Mount Laurel     NJ        8054
--------------------------------------------------------------------------------------------------
518 Market St. Lower Level                                        Camden           NJ        8101
--------------------------------------------------------------------------------------------------
65 a.k.a 75 Broad Street, Entire 11th Floor                       New York         NY       10004
--------------------------------------------------------------------------------------------------
5551 Far Hills Ave                                                Dayton           OH       45429
--------------------------------------------------------------------------------------------------
130 W. Second St. Suite 2200                                      Dayton           OH       45402
--------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
--------------------------------------------------------------------------------------------------
<S>                                                               <C>             <C>       <C>
520 S. Main St. Building 24, Suite 2446                           Akron            OH       44311
--------------------------------------------------------------------------------------------------
344 West Fourth St.                                               Cincinnati       OH
--------------------------------------------------------------------------------------------------
502 Coshocton Ave. Suite 102                                      Mt. Vernon       OH       43050
--------------------------------------------------------------------------------------------------
1301 Summit St.                                                   Toledo           OH       43604
--------------------------------------------------------------------------------------------------
27181 Euclid Ave                                                  Cleveland        OH       44115
--------------------------------------------------------------------------------------------------
1621 Euclid Ave                                                   Cleveland        OH       44115
--------------------------------------------------------------------------------------------------
350 West Wilson Bridge Rd                                         Worthington      OH
--------------------------------------------------------------------------------------------------
450 West Wilson Bridge Rd, Suite 100, 120 & 150                   Worthington      OH
--------------------------------------------------------------------------------------------------
6505 Rockside Rd Suite 400, 425                                   Independence     OH       44131
--------------------------------------------------------------------------------------------------
535 to 579 Scherers Court                                         Worthington      OH       43085
--------------------------------------------------------------------------------------------------
191 West Nationwide Blvd., 4th Floor                              Columbus         OH       44128
--------------------------------------------------------------------------------------------------
15166 Neo Parkway                                                 Garfield Hts     OH       44128
--------------------------------------------------------------------------------------------------
50 Monument RD                                                    Bala Cynwyd      PA       19004
--------------------------------------------------------------------------------------------------
401 City Ave                                                      Bala Cynwyd      PA       19004
--------------------------------------------------------------------------------------------------
Evergreen Center, 101 Erford Rd                                   Camp Hill        PA       17011
--------------------------------------------------------------------------------------------------
One Presidential Blvd (2nd and 4th floors)                        Bala Cynwyd      PA       19004
--------------------------------------------------------------------------------------------------
1275 Glenlivet Drive Ste 300                                      Allentown        PA       18106
--------------------------------------------------------------------------------------------------
2401 Locust St                                                    Philadelphia     PA       19103
--------------------------------------------------------------------------------------------------
1001 Village Run Rd                                               Wexford          PA       15090
--------------------------------------------------------------------------------------------------
401 North Broad St.                                               Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
3400 West Chester Pike, Newtown Square, PA 19073                  Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
200 S 24th St -- First Floor                                      Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
201 S 24th St -- Fourth Floor                                     Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
202 S 24th St -- Fifth Floor                                      Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
203 S 24th St -- Sixth Floor                                      Philadelphia     PA       19108
--------------------------------------------------------------------------------------------------
8614 Westwood Center #600                                         Vienna           VA       22182
--------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
--------------------------------------------------------------------------------------------------
<S>                                                               <C>             <C>       <C>
470 Spring Park Place, Suite 4                                    Herndon          VA
--------------------------------------------------------------------------------------------------
2105 S. 170th St                                                  New Berlin       WI       53151
--------------------------------------------------------------------------------------------------
2120 S. Calhoun Rd.                                               New Berlin       WI       53151
--------------------------------------------------------------------------------------------------
2050 S. Calhoun Rd.                                               New Berlin       WI       53151
--------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                  SCHEDULE 3.06
                                Disclosed Matters

Litigation Involving Claims for Damages against ATX Communications,
                          Inc. and/or its Subsidiaries(1)

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                                              (APPROXIMATE) AMOUNT AT
              CAPTION                                   JURISDICTION                                   ISSUE
---------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>                                     <C>
Verizon Communications, Inc., et.                U.S. District Court for the             $22.6 million by Verizon;
al. v. ATX Communications, Inc., et              District of Delaware                    unspecified amounts in antritrust,
al.; ATX Communications, Inc., et                                                        breach of contract and
al v. Verizon Communications, Inc.,                                                      misepresentation counterclaims by
et al.                                                                                   ATX.
---------------------------------------------------------------------------------------------------------------------------
Ohio Bell Telephone d/b/a                        U.S. District Court for the             $8 - 14.4 million; unspecified
Ameritech vs. CoreComm Newco,                    Northern District of Ohio               amounts in antitrust, breach of
Inc.; CoreComm Newco, Inc., et al                                                        contract and misrepresentation
v. Ameritech, et. al.                                                                    counterclaims by Newco.
---------------------------------------------------------------------------------------------------------------------------
General Electric Capital Corporation             Circuit Court, Cook                     $8 million plus return of
v. Megsinet, Inc., CoreComm                      County, IL                              equipment
Holdco, Inc. and CoreComm
Limited
---------------------------------------------------------------------------------------------------------------------------
Michael Nelson v. CoreComm                       Circuit Court, Cook
Limited, CoreComm Acquisition                    County, IL
Sub, Inc., MegsInet, Inc., Michael
Henry and Scott Widham
---------------------------------------------------------------------------------------------------------------------------
General Electric Capital Corporation             Circuit Court, Cook                     Return of equipment
v. MegsINet, Inc., CoreComm                      County, IL
Holdco and CoreComm Limited                                                              Adverse Decision Rendered
                                                                                         9/24/02; equipment being
                                                                                         returned; no material adverse
                                                                                         effect on operations or financial
                                                                                         condition
---------------------------------------------------------------------------------------------------------------------------
Easton Telecom Services, LLC v.                  U.S. District Court for the             $1,085,000 million plus interest
CoreComm Internet Group, Inc.,                   Northern District of Ohio
Voyager, Information Networks,
Inc. and MegsINet, Inc.
---------------------------------------------------------------------------------------------------------------------------
KMC Telecom, Inc., KMC Telecom                   Supreme Court of New                    $2 million
II, Inc., and KMC Telecom of                     York, New York County
Virginia, Inc. v. CoreComm
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

-----------

1 Litigation involving claims of less than $20,000 have been omitted.

<PAGE>

<TABLE>
---------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>                                     <C>
Limited, Cellular Communications
of Puerto Rico, Inc., CoreComm
New York, Inc., and Megsinet, Inc.

CoreComm Limited, et al. vs.
Michael Henry, Scott Widham and
Brian Clark
---------------------------------------------------------------------------------------------------------------------------
CoreComm Mass. Inc. v. Verizon                   Superior Court, Suffolk                 $1.1 million
New England d/b/a Verizon Mass.                  County, Mass.
---------------------------------------------------------------------------------------------------------------------------
3Com Corporation v. ATX                          Court of Common Pleas,                  $900,000
Communications, Inc.                             Montgomery County, PA

Preliminary Objections pending
---------------------------------------------------------------------------------------------------------------------------
Focal Communications Corp. Of Ill.,                                                      $802,687
PA, DE & NY v. ATX
Communications, Inc., ATX
Telecommunications Services, Inc.
ATX Licensing, Inc. and
CoreComm Communications, Inc.
---------------------------------------------------------------------------------------------------------------------------
ATX Telecommunications Services,                 Commonwealth Ct. of PA                  $631,429
Inc. v. Commonwealth of
Pennsylvania, No. 340 F.R. 2002.

(Appeal from PA Board of Finance
and Revenue pending)
---------------------------------------------------------------------------------------------------------------------------
TJS v. ATX Telecom Services                      ADR Options                             $500,000
---------------------------------------------------------------------------------------------------------------------------
Novelle v. CoreComm Limited and                  Circuit Court of Cook                   $472,442
MegsINet                                         County, Ill
---------------------------------------------------------------------------------------------------------------------------
Enavis Networks, Inc. v.                         Circuit Court, Pinellas                 $419,843.53
CoreComm Limited                                 County, FL
---------------------------------------------------------------------------------------------------------------------------
CIT Communications Finance Corp.                 Superior Court of New                   $360,279
v. Voyager Information Networks,                 Jersey Morris County
Inc.
---------------------------------------------------------------------------------------------------------------------------
Information Complaint of APCC                    Federal Communications                  $300,000 to 350,000
Services, Inc. v. ATX Licensing,                 Commission
Inc.
---------------------------------------------------------------------------------------------------------------------------
ATX Telecom. Services v. BAB                     Court of Common Pleas,                  Action by CoreComm for $95,000
                                                 Bucks County, PA                        in unpaid bills; counterclaims by
BAB v. ATX Telecom. Services                                                             BAB for $275,000 in alleged lost
                                                                                         profits
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
---------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>                                     <C>
Sunrise Leasing Corporation as                   Chicago, Illinois                       $258,271.43
Assignee of Sun Microsystems
Finance v. Megsinet, Inc.
---------------------------------------------------------------------------------------------------------------------------
Corporate Interiors of Delaware v.               Court of Common Pleas,                  $209,900.91
ATX Telecommunications Services                  Montgomery County, PA
---------------------------------------------------------------------------------------------------------------------------
Paradyne Corp. v. CoreComm                       Court of Common Pleas,                  $171,845.21
                                                 Cuyahoga County, OH
(CoreComm Newco has been
identified as proper defendant)
---------------------------------------------------------------------------------------------------------------------------
Shared Telecom v. Voyager and                    Superior Court, Marion                  $169,009.28
Net Direct                                       County, IN
---------------------------------------------------------------------------------------------------------------------------
GATX Technologies, Inc. v.                       Thirteenth Judicial Circuit,            $150,000
CoreComm Voyager Inc.                            FLA
---------------------------------------------------------------------------------------------------------------------------
BVFU Funding, LLC v. MegsINet,                   Massachusetts Superior                  $105,330
Inc, Michael Henry and Patrick                   Court
Henry
---------------------------------------------------------------------------------------------------------------------------
Tierney & Partners, Inc. v. ATX                  Court of Common Pleas,                  $104, 431.21
Telecommunications Services                      Montgomery County PA
---------------------------------------------------------------------------------------------------------------------------
Fresh Start Industries, Inc. v. ATX              U.S. District Court,                    In excess of $100,000;
Telecommunications Services, Inc.                Eastern District of PA                  counterclaims by ATX in excess
                                                                                          of $60,000
(predecessor in interest to
CoreComm-ATX, Inc.)
---------------------------------------------------------------------------------------------------------------------------
R.H. Welf & Associates, Inc. v.                  Court of Common Pleas,                  In excess of $100,000
CoreComm Services, Inc.                          Cuyahoga County, OH
                                                                                         RHWelf Demand: $20,000

                                                                                         CoreComm Offer: $5000
---------------------------------------------------------------------------------------------------------------------------
Romanoff Electric v. CoreComm                    Court of Common Pleas,                  $80,000
                                                 Columbus OH
---------------------------------------------------------------------------------------------------------------------------
Jackson Construction Company v.                  Superior Court, Suffolk                 $72,731.66
CoreComm Communications, Inc.                    County, MA
---------------------------------------------------------------------------------------------------------------------------
Eastrich No. 167 v. Metler Toledo v.             Franklin County, Ohio                   $70,000
CoreComm Newco, Inc.
---------------------------------------------------------------------------------------------------------------------------
Lindley Electric Supply v. ATX                   Court of Common Please,                 In excess of $50,000
Telecommunications Services, Inc.                Bucks County PA
---------------------------------------------------------------------------------------------------------------------------
Eric Bobo v. ATX                                 Court of Common Pleas,                  $50,000 salary demand +
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
---------------------------------------------------------------------------------------------------------------------------
<S>                                              <C>                                     <C>
Telecommunications Services, Inc.                Montgomery County                       6524 shares of stock claimed due
---------------------------------------------------------------------------------------------------------------------------
Citicorp Vendor Finance, Inc. f/k/a              Supreme Court, New                      In excess of $40,000
Copeland Capital, Inc. v CoreComm                York, New York
Limited                                                                                  (CitiCorp settlement demand of
                                                                                         $23,000 + return of the
                                                                                         equipment).
---------------------------------------------------------------------------------------------------------------------------
Tasman v. ATX                                    Philadelphia County Court               $50,000
                                                 of Common Pleas
---------------------------------------------------------------------------------------------------------------------------
Full Service Computing v.                        Court of Common Pleas,                  $25,000.00
CoreComm-ATX, Inc.                               Allegheny County, PA
---------------------------------------------------------------------------------------------------------------------------
Crescent Public Communications v.                U.S. Bankruptcy Court,                  Approx.
ATX Telecom. Services                            Southern District of New
                                                 York                                    $20,000.00
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                  SCHEDULE 3.12
                                  Subsidiaries

Set forth below are the names, and the ownership interest, of the Parent, CCI
and the Borrower in each subsidiary of the Parent and CCI, along with the names
of each Subsidiary that is a Subsidiary Loan Party.

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
                                            AUTHORIZED      ISSUED
           SUBSIDIARY                        COMMON         COMMON   PAR VALUE                   CURRENT HOLDER
------------------------------------------------------------------------------------------------------------------------
<S>                                         <C>             <C>      <C>                   <C>
ATX Licensing, Inc.                               100          10     $   0.01             Corecomm-ATX, Inc.
------------------------------------------------------------------------------------------------------------------------
ATX Telecommunications of Virginia,
LLC.                                             N/A         N/A        N/A                ATX Licensing, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm California, Inc.                       1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Communications, Inc.                   1,500       1,500     $.01 Par             ATX Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Illinois, Inc                          1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Indiana, Inc.                          1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Internet Group, Inc.                   1,500       1,500     No Par               Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Maryland, Inc.                         1,000       1,000     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Massachusetts, Inc.                    1,000       1,000     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Michigan, Inc.                         1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Missouri, Inc.                         1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm New Jersey, Inc.                       1,000       1,000     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm New York, Inc.                           100         100     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Newco, Inc.                            1,500       1,500     No Par               Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Ohio, Inc.                             1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Oregon, Inc.                           1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Pennsylvania, Inc.                     1,000       1,000     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Rhode Island, Inc.                     1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Services, LLC (formerly,
CoreComm Services, Inc.)                         N/A         N/A       N/A                 Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
------------------------------------------------------------------------------------------------------------------------
<S>                                         <C>             <C>      <C>                   <C>
CoreComm Vermont, Inc.                          1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm West Virginia, Inc.                    1,000       1,000     $.01 Par             Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm Wisconsin, Inc.                        1,500       1,500     No Par               Corecomm Newco, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm-ATX, Inc                               1,500       1,500     $.01 Par             Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
CoreComm-Voyager, Inc                           1,500       1,500     $.01 Par             Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
Cortelyou Communications, Corp.                 1,500       1,500     No Par               FCC Holdco I, Inc.
------------------------------------------------------------------------------------------------------------------------
Digicom, Inc.                                     750         200     No Par               Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
FCC Holdco I, Inc.                              1,500       1,500     No Par               Corecomm Communications, Inc.
------------------------------------------------------------------------------------------------------------------------
Fiberstream of New York, Inc.                     100         100     No Par               CCL Historical, Inc.
------------------------------------------------------------------------------------------------------------------------
Fiberstream, Inc..                                100         100     No Par               CCL Historical, Inc.
------------------------------------------------------------------------------------------------------------------------
Horizon Telecommunications, Inc.                1,000       1,000     No Par               Voyager Information Networks,
                                                                                           Inc.
------------------------------------------------------------------------------------------------------------------------
MegsINet Internet, Inc.
(formerly, MegsINet, Inc.)                      1,500       1,500     $.01 Par             Corecomm Internet Group, Inc.
------------------------------------------------------------------------------------------------------------------------
Voyager Data Services, Inc                        850         800     $.01 Par             Corecomm-Voyager, Inc.
------------------------------------------------------------------------------------------------------------------------
Voyager Information Networks, Inc.          3,000,000     787,819     $.0001 Par           Corecomm-Voyager, Inc.
------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                                  SCHEDULE 3.13
                            Description of Insurance

Set forth below is a description of all material insurance maintained by or on
behalf of the Parent, the Borrower and the Restricted Subsidiaries.

SCHEDULE OF INSURANCE                                       Date: March 31, 2003

ASSURED:          ATX COMMUNICATIONS, INC. AND SUBSIDIARIES
                  50 Monument Road
                  Bala Cynwyd, PA 19004

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                    INSURANCE                  POLICY
 POLICY NO.          COMPANY                   PERIOD         LIMITS                      DESCRIPTION OF COVERAGE
--------------------------------------------------------------------------------------------------------------------------------
<S>              <C>               <C>        <C>           <C>            <C>
 486407237       Atlantic Mutual              06/01/02-                    Commercial Package Policy
                                              06/01/03                     Locations: As on file with insurance company

                                                                           Property
                                                                           All Risk; Replacement Cost
  Exposure                                                  $ 25,000,000   Blanket Building, Personal Property, EDP and media
$170,856,000                                                               Any One Location
                                                            $      1,000   Deductible (Windstorm Ded. = 2%)
                                                            $  1,000,000   Flood ($25,000 deductible)
                                                            $  1,000,000   Earthquake (5% deductible)
$25,000,000                                                 $ 10,000,000   Blanket Business Interruption (36 Hour Ded.)
                                                            $  1,000,000   Boiler & Machinery

                                                                           Inland Marine
 $600,000                                                   $    600,000   Transit Coverage($500 deductible)
                                                                           Per Shipment
                                                            $    100,000   Business Income - Stock in Transit
 $275.357                                                   $     45,000   Equipment Floater ($500 deductible)
                                                                           Per Vehicle
                                                                           Accounts Receivable; Valuable Papers and Record; Fine
                                                                           Arts; Outside Sign; Salesman's Floater; and R&D
                                                            $     25,000   Coverages

                                                                           Crime
                                                            $    500,000   Employee Dishonesty ($1,000 deductible)
                                                            $    500,000   Depositors Forgery ($1,000 deductible)
                                                                           Money & Securities (In & Out)
                                                            $     30,000   Includes Phone Cards ($1,000 deductible)

  Exposure                                                                 General Liability
$42,000,000                                                 $  2,000,000   General Aggregate
  Payroll                                                   $  1,000,000   Each Occurrence
                                                            $  1,000,000   Personal/Advertising Injury
$84,000,000                                                 $  2,000,000   Products/Completed Operations
   Sales                                                    $    100,000   Fire Damage Legal Liability
                                                            $     10,000   Medical Payments

                                                                           Ohio Stop Gap
</TABLE>

<PAGE>

<TABLE>
<S>              <C>               <C>        <C>           <C>            <C>

                                                                           Employee Benefits Liability
                                                                           Claims Made Form
                                                            $  1,000,000   Each Occurrence
                                                            $  2,000,000   Annual Aggregate
                                                            $      1,000   Deductible

104 vehicles                                                               Automobile
                                                            $  1,000,000   Liability
                                                            $      5,000   Medical Payment
                                                            $  1,000,000   Uninsured Motoris
                                                            $        500   Comprehensive Deductible
                                                            $        500   Collision Deductible
                                                            $25 Each Day   Rental Reimbursement
                                                            $        750
                                                                 Maximum
                                                            $     25,000   Hired Car Physical Damage

                                                                           Umbrella
                                                            $ 25,000,000   Each Occurrence
                                                            $ 25,000,000   Annual Aggregate
                                                            $     10,000   Retention

                                                                           Global Endorsements

                                                                           Excess Liability Policy:
3SR130243-02     Kemper                       06/01/02 -    $ 25,000,000   Each Occurrence
                                              06/01/03         excess of   $25,000,000
                                                            $ 25,000,000   Aggregate
                                                            $      2,500   $25,000,000

 401550938       Atlantic Mutual              09/01/02 -                   Worker's Compensation & Employer's Liability
                                              09/01/03      Statutory      Workers Compensation
                                                            Limits
                                                                           Employer's Liability
                                                            $    500,000   BI by Accident/Each Accident
                                                            $    500,000   BI by Disease/Each Employee
                                                            $    500,000   BI by Disease/Policy Limit

 16886-002       Guardian Life                07/01/99 -                   Disability Benefits (New York)
                                              Continuous    Statutory      Short Term NY State Disability

 GO449100        Gulf Insurance               05/9/02 -                    CyberLiability Plus Policy
                                              05/9/03       $  1,000,000   Each Claim
                                                            $  1,000,000   Annual Aggregate
                                                            $     25,000   Deductible

Directors & Officers Liability Program
  5696864        National Union               09/01/02 -                   Directors & Officers Liability
                                              09/01/03      $ 10,000,000   Aggregate Limit of Liability
                                                            $    750,000   Retention - Securities Claims
                                                            $    750,000   Retention - Employment Practices Claims
                                                            $    750,000   Retention - All Other Claims

 GA4635915       Gulf Ins.                    09/01/02 -                   Excess Directors & Officers Liability
                                              09/01/03                     (Excess of $10,000,000)
                                                            $  5,000,000   Aggregate Limit of Liability
</TABLE><PAGE>

                                                                   EXHIBIT 10.28

THIS NOTE AND THE SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE, ISSUABLE
UPON CONVERSION HEREOF (COLLECTIVELY, THE "SECURITIES") REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
"SECURITIES ACT"), OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE OFFERED,
SOLD, PLEDGED, HYPOTHECATED, TRANSFERRED OR OTHER-WISE DISPOSED OF, UNLESS
(I)(A) A REGISTRATION STATEMENT COVERING SUCH SECURITIES IS EFFECTIVE UNDER THE
SECURITIES ACT AND (I)(B) APPLICABLE STATE SECURITIES LAWS HAVE BEEN COMPLIED
WITH, OR (II)(A) THE TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE
SECURITIES ACT, (II)(B) APPLICABLE STATE SECURITIES LAWS HAVE BEEN COMPLIED WITH
OR AN EXEMPTION FROM SUCH LAWS HAS BEEN MET AND (II)(C) IF THE OBLIGORS SO
REQUEST, A WRITTEN OPINION FROM COUNSEL (WHICH COUNSEL AND OPINION SHALL BE
SATISFACTORY TO THE OBLIGORS) THAT THE CONDITIONS IN (II)(A) AND (II)(B) ABOVE
HAVE BEEN SATISFIED.

THE SECURITIES REPRESENTED BY THIS NOTE ARE SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER PURSUANT TO AN AGREEMENT AMONG THE NAMED PAYEE AND THE OBLIGORS. A
COPY OF THE AGREEMENT MAY BE OBTAINED FROM THE OBLIGORS AT THEIR PRINCIPAL
OFFICE, 100 EAST 59TH STREET, NEW YORK, NEW YORK 10022.

                 10.75% UNSECURED CONVERTIBLE PIK NOTE DUE 2011

Dated: April 15, 2002                                                   $860,486

         CoreComm Holdco, Inc., a Delaware corporation ("CoreComm HoldCo") and
CoreComm Limited, a Delaware corporation ("CoreComm" and together with CoreComm
HoldCo, the "Obligors"), hereby, jointly and severally, promise to pay to NTL
Incorporated, a Delware corporation (the "Initial Holder"), or its registered
and permitted assigns (the "Holder"), the principal amount of Eight Hundred
Sixty Thousand Four Hundred Eighty-Six Dollars ($860,486) in U.S. currency, on
April 12, 2011 (the "Maturity Date"), to the extent the principal amount hereof
has not been converted or repaid, subject to the further provisions of this Note
set forth herein which further provisions shall for all purposes have the same
effect as if set forth at this place.

         Interest Payment Dates: October 15 and April 15, commencing October
                                 15, 2002

<PAGE>

                           Definitions. For purposes of this Note, the following
terms shall have the meaning indicated:

                           "Affiliate" means, with respect to any specified
Person, any other Person that directly, or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with such
specified Person.

                           "Agreement" shall mean the letter agreement entered
into by and among CoreComm, CoreComm Holdco and the Initial Holder, dated April
12, 2001, with respect to the issuance of this Note and other commercial
arrangements.

                           "Board of Directors" shall mean the board of
directors of CoreComm. "Board of Directors" shall also mean the Executive
Committee, if any, of such board of directors or any other committee duly
authorized by such board of directors to perform any of its responsibilities
with respect to this Note.

                           "Business Day" shall mean any day other than a
Saturday, Sunday or a day on which state or federally chartered banking
institutions in New York, New York are not required to be open.

                           "Change of Control" shall mean:

                           (1)      the sale, lease or transfer of all or
                                    substantially all of the assets of CoreComm
                                    to any "person" or "group", within the
                                    meaning of Sections 13(d)(3) and 14(d)(2) of
                                    the Exchange Act or any successor provision
                                    to either of the foregoing, including any
                                    group acting for the purpose of acquiring,
                                    holding or disposing of securities within
                                    the meaning of Rule 13d-5(b)(1) under the
                                    Exchange Act, other than any Permitted
                                    Holder;

                           (2)      any "person" or "group", within the meaning
                                    of Sections 13(d)(3) and 14(d)(2) of the
                                    Exchange Act or any successor provision to
                                    either of the foregoing, including any group
                                    acting for the purpose of acquiring, holding
                                    or disposing of securities within the
                                    meaning of Rule 13d-5(b)(1) under the
                                    Exchange Act, other than any Permitted
                                    Holder, becomes the "beneficial owner", as
                                    defined in Rule 13d-3 under the Exchange
                                    Act, of more than 50% (or more than 25% if
                                    neither George S. Blumenthal or Barclay
                                    Knapp is an executive officer of CoreComm at
                                    such time) of the total

                                       2

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