AOL 'shortlists BSkyB and Carphone Warehouse' for UK sale

AOL 'shortlists BSkyB and Carphone Warehouse' for UK sale

Summary: BT and Orange have fallen out of the process, according to a source

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TOPICS: Tech Industry
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AOL has reportedly shortlisted the potential buyers for its UK unit — BSkyB and Carphone Warehouse.

Other rumoured bidders for AOL's two million customers included BT and Orange but according to a source, quoted by Reuters, only two ISPs remain.

Jonathon Miller, chief executive of AOL, said on Wednesday the sale of AOL's European units remained on track, adding: "The sale process... is progressing, and we are hopeful that we will have reached agreements with the winning parties sometime in the fall."

An AOL spokesman declined to comment on the remaining bidders for the ISP's UK access business but did confirm the UK sale is not as advanced as that occurring in France, where the final bidder has already been announced. "We're not at that stage — negotiations are continuing. It's relatively early in the process," he added.

Both BSkyB and Carphone Warehouse have launched their own "free" broadband products and could stand to benefit from the significant proportion of AOL's customers that remain on dial-up.

James Murdoch, head of BSKyB, revealed recently the precise rationale — and the price tag — behind such a buy still had to be worked out.

He said: "At some price, it could make good sense but we haven't had enough information to understand what it is... We're not interested in paying high prices," adding the company will be "opportunistic" with any future acquisitions.

Topic: Tech Industry

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  • Company Executives are crazy and should be locked away. They throw customer's money away unnecessarily. Take AOL as an example. BT and others have pulled out. The reason is simply down to the potential cost of purchase. However, all those interested should have done the simplest of things. Save millions of pounds and introduce a competitive package for any AOL subscribers that change ISP. Instead of buying a database, get those on the database to come to you. AOL is going to fold, regardless of who owns it. Why not let it collapse and get the customers for free. As all US Corporations do, AOL has had it's profits and now wants to sell it's overvalued company. Whoever buys AOL will lose their investment and be left with a company that could be sold for as little as
    anonymous
  • Ken learn to spell, however i like what you said.

    Dont waste your time buying AOL, they are dead and have been dead for many years, they think they are bigger than what they are when in fact they are quite annoying!
    anonymous