bids for AOL’s German business

31 Aug 2006

Freenet’s CEO has said that his company is taking part in the bidding for Time Warner’s AOL internet business in Germany, but would not quantify its bid. Other participants include Telecom Italia and Versatel Germany. An AOL source said that it had received bids of ‘well over’ EUR600 million (USD770 million) for its German unit, which has about 2.5 million subscribers.

Germany, 1&1 Versatel, AOL Germany, freenet