AOL UK, which has been put up on sale (along with a few other Euroepan subsidiaries of AOL) according to reports, has generated interest from BSkyB, Carphone Warehouse, BT and Vodafone…or at least these are among the British companies that have been contacted by AOL’s bankers Citigroup. Pan-European companies like Orange, O2 and Tiscali are also among those believed to have received the bankers’ documents, which gives financial details for AOL’s entire European operations.
AOL is prepared to sell its German, French and UK businesses together or separately, depending on the type of bids.
Times UK: Carphone may bid for as much as 1 billion GBP, this story says. CEO Charles Dunstone, whose business is on the brink of entering the FTSE 100 index for the first time, said that he would keep “a close eye” on the sale of the AOL business.
ZDNet: Carphone is currently struggling to cope with the huge demand for its “free” broadband offering, which will ultimately see it unbundle BT’s local exchanges and offer its own high-speed Internet services. The company is on track to become one of the top five UK broadband providers, even though it only entered the game in April.
Related: AOL U.K. Looking For Buyer Or Partner?
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