T.Italia Bids for AOL’s French, German Units; Also Permira

Tlecom Italia said it has made an offer to buy AOL units in France and Germany, part of the Italian telecom operator’s push into broadband markets outside Italy….the value of AOL German and French units are rumored to be as 700 million euros ($881.6 million).
Telecom Italia is already present in Germany and France, where its broadband clients rose to 1.5 million at the end of April from about 1.3 million at the beginning of the year.
AFX: Private equity investor Permira is also examining the possibility of submitting an offer for AOL Germany, this report

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