AOL adds UK business to ‘for sale’ list, papers say

5 Jun 2006

AOL, part of Time Warner, has put its UK internet service provider up for sale, according to local press reports. Last month US-based AOL appointed Citigroup to oversee the sale of its underperforming ISP businesses in France and Germany, but said at the time it would hold on to its UK business and continue to operate internet portals across Europe. However, local news sources on Friday reported that Citigroup is now also looking into selling off or finding a partnering for AOL UK. AOL has yet to comment on the reports.

AOL UK is the country’s third largest broadband provider by subscribers, with a 13% share of the market at the start of 2006; around half its user base take high speed connections. It offers a range of communications services including dial-up, broadband and voice telephony, as well as providing content-based applications for the residential market.

United Kingdom, AOL UK (part of Carphone Warehouse)