Carphone Warehouse buys AOL's UK business
The Carphone Warehouse has become the third largest broadband provider in the UK after buying AOL's UK business for £370 million.
AOL has 2.1 million internet users in the UK, including 1.5 million broadband customers, while 625,000 Carphone Warehouse customers have applied for the free Talk Talk broadband service.
Under the agreement, The Carphone Warehouse is buying AOL's customer base as well as supporting management and infrastructure.
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AOL will provide co-branded portal with content and other audience services and will manage the online ad sales for Carphone Warehouse's combined broadband customer base through a revenue sharing agreement.
Charles Dunstone, CEO of Carphone Warehouse, said: "The deal gives us significant scale to complement the rapid organic growth of our free broadband proposition. In addition, the joint development of AOL's already successful platform will bring us new advertising and content revenues in a proven and low risk manner."
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