AOL Sells French Unit, AOL UK Next
6 Comments
The shedding of AOL's international operations continued Thursday as Time Warner announced it had sold its AOL France division to Internet service provider Neuf Cegetel in a 288 million euros ($365 million) cash transaction. The announcement follows the sale of its German unit to Telecom Italia on Monday, and leaves AOL UK as its only remaining European ISP. AOL France has approximately 500,000 broadband subscribers.
In related news, Orange, a division of French Telecom, confirmed that it had pulled out of the bidding for AOL UK. Negotiations are still continuing with two other prospective suitors - Satellite TV provider BSkyB and Carphone Warehouse, according to press reports.