Why Does Telecom Italia Want AOL Germany?

Observers of the Italian telco are wondering what's next after a week of announcements of spin-offs and purchases

Telecom Italia Chairman Marco Tronchetti Provera may be gone, but his strategy to transform the former state-owned monopoly into more of a media company lives on. Only two days after the wealthy Italian industrialist resigned as chairman due to a squabble with the Italian government, Telecom Italia (TI) announced plans to buy the Internet access business of AOL Germany (TWX) for $857 million.

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