Thursday, September 21, 2006

Time Warner to Sell AOL France to Neuf Cegetel

An AP newswire article, via The International Herald Tribune, reports that:

Time Warner said Thursday that it had agreed to sell AOL France's Internet access business to Neuf Cegetel, a French telecommunications network operator, for about $365 million in cash.

Under the agreement, Neuf Cegetel will acquire AOL's Internet access business in France, including its 500,000 broadband customers. The French company will also acquire its ASME operation, which manages AOL France's customer service operations.

More here.


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