AOL TW to spin off cable op?
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AOL Time Warner is mulling over plans to flog part of its cable business in a move which could help resolve a dispute with cable venture partner AT&T.
According to US reports if the minority sale goes ahead it could mean that AOL Time Warner could fund the buyout of AT&T's without having to dip into its own coffers or run-up any debt.
AOL Time Warner owns the second largest cable network in the US with almost 13 million customers.
If the sale went ahead it would create a business valued at around $45 billion, claim those in the know.
This latest speculation comes on top of recent rumours that AOL Time Warner is considering spinning off its America Online Internet business.
Last week AOL Time Warner reported a $54.2 billion net loss for the quarter - believed to be the biggest-ever quarterly loss in US corporate history - due to a one-off asset impairment charge. ®
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