Feeds

Telecom Italia buys AOL Germany

Benvenuto caloroso

Next gen security for virtualised datacentres

Telecom Italia is to acquire the Internet-access business of AOL in Germany for €675m. The companies expect to complete the transaction in four to six months, after receiving the customary regulatory approvals.

Earlier this year parent company Time Warner hired Citigroup to explore the sale or restructuring of its entire AOL Europe unit, which also includes the CompuServe brand.

However, Telecom Italia wasn't among the potential take-over candidates rumored earlier this year. Those included Spanish telecommunications group Telefonica and Vodafone subsidiary Arcor. Telecom Italia says it is moving to consolidate its presence in Germany, which started with its acquisition of Hansenet in 2003.

The company says it is already a European leader in broadband Internet access. With its presence in Italy, France and Germany as well as its pending acquisition of AOL Germany’s Internet access business, it will serve approximately 9 million broadband subscribers in Europe.

The German subsidiary is by far AOL's biggest: it boasts over one million DSL users, but until recently lacked investment to compete with its major rival Deutsche Telekom. Germany is seeing fast-growing demand for broadband Internet access with over 22 million ADSL subscribers expected by 2009.®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.