Latest press releases

Redazione ufficio stampa

Read the latest press releases and search the archives of TIM Group's Press Office. Read more

Telecom Italia finalizes Time Warner's AOL Germany internet access business acquisition

02/28/2007 - 08:14 PM


With this transaction, Telecom Italia, today, becomes Germany’s Second-Largest Internet Service Provider – Serving more than 3 million total subscribers, including nearly 2.1 million Broadband customers

AOL to Provide Co-Branded Audience Services and content on a join web portal for Telecom Italia’s Internet Access Subscribers in Germany

Telecom Italia (Milan:TIT,TITR; NYSE: TI, TIA) and Time Warner Inc. (NYSE:TWX) today announced that Telecom Italia has finalized the acquisition of Time Warner’s AOL Germany Internet access business for €665 million ($877 million) in cash. 

With the acquisition of AOL Germany’s Internet access business, Telecom Italia becomes, today, Germany’s second-largest internet service provider – with more than 3 million total subscribers, including nearly 2.1 million broadband customers.

Under a new partnership, as already announced, AOL will provide co-branded audience services and content on a joint web portal for all of Telecom Italia’s residential Internet access subscribers in Germany and will handle all online advertising sales.

Under the terms of the five-year partnership, AOL will design, host and operate audience services for Telecom Italia’s entire residential Internet access customer base in Germany. 

About Telecom Italia

The Telecom Italia Group is a leading telecommunications group which operates in across the entire advanced communications services chain – fixed-line and mobile telephony, Internet, media, and innovative business solutions and systems.

Time Warner Inc.

Time Warner is a leading media and entertainment company whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.

About AOL

AOL is a global Web services company that operates some of the most popular Web destinations, offers a comprehensive suite of free software and services, runs the country's largest Internet access business, and provides a full set of advertising solutions. A majority-owned subsidiary of Time Warner Inc., AOL LLC is based in Dulles, Virginia. AOL and its subsidiaries also have operations in Europe, Canada and Asia. Learn more at