Carphone Warehouse Acquires AOL UK!

Carphone warehouse has acquired AOL UK for (370 GBP) $ 688 million and has captured the third place in the field of internet service providers in UK. AOL has finally sold off its last european unit, as in the last month or so it sold off its German Unit to Telecom Italia & prior to that it had sold its french unit to Neuf Cegetel. With this deal, Carphone warehouse makes another mark in the corporate world as it had acquired Onetel early this year.

I am not sure that how much this deal will effect Carphone Warehouse because it is already under lot of pressure because of it’s Free Broadband strategy under its TalkTalk brand. It is heard that TalkTalk is not able to supply the broadband to lots of customers as thousand and thousands of users are trying to switch to TalkTalk’s free broadband service. But, as far AOL is concerned, they have been selling off their ISP services and the new model of advertising based revenue is helping them a lot. As more and more people have started to like the company and the offerings it is making recently. AOL has recently offered free services to everyone on the internet and not just its subscribers.

[Source = Forbes]
[tag] AOL, Carephone Warehouse[/tag]