Carphone Warehouse Buys AOL UK

AOL shed yet another Internet access division Wednesday, announcing that Carphone Warehouse had agreed to purchase AOL UK for £370 million ($687 million). The provider of broadband and mobile phones will take over AOL's infrastructure in the country along with its two million subscribers.

The moves are part of an effort by AOL to distance itself from the ISP business as it attempts to rebuild as a free Web services provider like Google and Yahoo. AOL UK was the final international division that it put up for sale. Last month, AOL sold its French Internet access business to Neuf Cegetel, and its German unit to Telecom Italia.