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Broadband

Telecom Italia acquires AOL Germany for EUR 675 mln

Monday 18 September 2006 | 08:51 CET | News
Telecom Italia has agreed to acquire Time Warner 's AOL Germany internet access business for EUR 675 million in cash. The companies expect to close the transaction in four to six months, after receiving the customary regulatory approvals. As of June, AOL Germany had 1.1 million broadband subscribers and approximately 1.3 million narrowband subscribers. Telecom Italia is already active on the German market with its subsidiary Hansenet, which offers DSL and voice services via its own DSL network. With the acquisition of AOL Germany, Hansenet will have more than 3.2 million total subscribers,

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Categories: Internet
Companies: AOL / KPN / Telecom Italia / Time Warner
Countries: Germany
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