AOL goes aloneTime Warner has announced that it is demerging broadband provider AOL from its operations. One of the UK's leading broadband providers is to become an independent company, it has been revealed.
Time Warner has announced that AOL is to be legally and structurally separated from its operations and become an independent, publicly-traded firm.
Under the plans, AOL will remain focused on its internet-based brands and services, which currently enjoy European visitor numbers of over 107 million a month.
Tim Armstrong, chairman and chief executive officer of AOL, said the move would be "a great opportunity" for the company.
He added: "Becoming a standalone public company positions AOL to strengthen its core businesses, deliver new and innovative products and services, and enhance our strategic options."
Earlier this year, AOL UK expanded its Living Channel with the launch of its new website, ParentDish.
It includes details on parenting as well as advice for both mothers and their children. |
The beta version of the Virgin Media Player has been released. The number of people signed up to 50Mb broadband with Virgin Media rose by 28 per cent in the second quarter. Ofcom's report into broadband speeds in the UK has been warmly received by Virgin Media. | Clodagh Murphy of Eclipse Internet has given her backing to Ofcom's calls for customers to be better informed about their likely broadband speed. Ofcom has revealed that the average speed of home broadband has increased. Charles Dunstone, TalkTalk's chief executive, has said the service provider plans to spend more on fibre optic broadband this year. |
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