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AOL says reviewing European Internet business

Posted by iTech - 2006-06-15

AOL the online unit of media conglomerate Time Warner Inc. on Wednesday said it plans to expand its Internet business in Europe but raised the possibility of getting out of the dialup business in the region.
 
"We believe we have a very good future and need to be on the Web in Europe" Jonathan Miller AOL's chief executive officer told investors at the Deutsche Bank Media and Telecoms conference.

He added: "The goal is to extend our presence on the Web in concert with any potential partners ... in that we may or may not stay in the (dialup) access business."

The comments are one of the first public confirmations by AOL that it is reviewing its European Internet business. Sources had previously said that Time Warner had hired Citigroup to review its AOL Europe business.

Miller told investors at the conference that AOL was not seeking to sell all of its European Internet businesses.

AOL has about . million subscribers in the United States and . million subscribers in Europe.



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