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Carphone Warehouse Buys AOL UK

11 October 2006 by axxxr
The Carphone Warehouse has made a successful bid to take over AOL UK, the country’s third-largest ISP.

Carphone Warehouse and Time Warner Inc have reached agreement for Carphone Warehouse to acquire AOL's Internet access business in the UK for the sum of £370m ($688m).

Under the agreement, Carphone Warehouse will acquire AOL's Internet access customer base in the UK as well as the supporting management and infrastructure (the "Access" business).  For its part, AOL will provide co-branded portal, content and other audience services and will manage the online advertising sales for Carphone Warehouse's combined broadband customer base through a revenue-sharing agreement.

AOL is one of the largest Internet service providers in the UK, with approximately 2.1m ISP customers.  On completion, it is anticipated that this will comprise 1.5m broadband customers and 0.6m dial-up customers. source:carphonewarehouse



 


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