Telecom Italia's internet protocol television (IPTV) service in Germany is set for a major expansion following the telco's acquisition of Time Warner's AOL German internet access business for ?675m in cash.
Telecom Italia operates HanseNet's German IPTV service, Alice homeTV, which competes against IPTV offerings from Deutsche Telekom and Spanish telecommunications group Telefonica.
The AOL deal leaves Telecom Italia the second largest broadband provider in Germany with more than 2m subscribers, and 3.2m total internet subscribers. Broadband demand has risen in Germany, which currently has 12m ADSL subscribers with an additional 10m forecast in the next three years.
Across Italy, France, Germany and the Netherlands Telecom Italia will shortly serve 9m broadband subscribers in Europe.
Riccardo Ruggiero, CEO of Telecom Italia, said: "This acquisition marks a further step in Telecom Italia's strategy of focusing on broadband services and content delivery at an international level."
Lovelace Consulting | 18.09.2006