EU approves sale of AOL German access business
European Union regulators cleared the way Tuesday for Telecom Italia to acquire AOL's German access unit for $856 million in cash. With the deal, Telecom Italia will become Germany's No. 2 broadband provider, but "the combined firm would continue to face a number of strong, effective competitors, notably the incumbent Deutsche Telekom," the European Commission said.
NYTimes.com
| 11/28
This story published in USTelecom dailyLead® on 11/29/2006
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