Telecom Italia will acquire the Internet access unit of AOL in Germany for 675 million euros (US$853.5 million) in cash, the two companies announced Sunday.The move comes amid a reorganization by Telecom Italia that saw a failed bid to sell its mobile phone unit last week and the resignation of Chairman Marco Tronchetti Provera Friday.AOL’s parent company, Time Warner, has been eager to dispose of its ISPs, where its subscriber numbers have been declining. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Telecom Italia made the buy in order to consolidate its broadband access service in Europe, the company said. The move would make the company the second-largest Internet access provider in Germany with more than 3 million subscribers, it said. Under the deal’s terms, AOL will provide Telecom Italia with cobranded entertainment services to all of its residential customers for five years. AOL will also retain responsibility for all online advertising, also for five years.The deal is expected to close in four to six months and is subject to regulatory approval. -Steven Schwankert, IDG News Service (Beijing Bureau)Related Links: AOL’s Leonsis to Leave Day-to-Day Role in Jan. AOL 9.0 Accused of ‘Badware Behavior’ AOL Dials Up Developers for VoIP ServiceCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature SAP prepares to add Joule generative AI copilot across its apps Like Salesforce and ServiceNow, SAP is promising to embed an AI copilot throughout its applications, but planning a more gradual roll-out than some competitors. By Peter Sayer Sep 26, 2023 5 mins CIO SAP Generative AI brandpost Mitigating mayhem in a complex hybrid IT world How to build a resilient enterprise in the face of unexpected (and expected) IT mayhem moments. By Greg Lotko, Senior Vice President and General Manager, Mainframe Software Division Sep 26, 2023 7 mins Hybrid Cloud brandpost How AI can deliver eye-opening insights for IT AIOps can leverage machine learning to provide a robust set of proactive predictive analytics capabilities for a wide range of infrastructure. By Carol Wilder, VP of Product Management, Dell Technologies Sep 26, 2023 6 mins Artificial Intelligence brandpost 5 steps we can take to address the cyber skills shortage The cyber skills shortage is not going away anytime soon, despite the progress we are making as an industry to attract new talent. Per the latest “ISC2 Cybersecurity Workforce Study,” we added more than 460,000 warm bodies over the past y By Leonard Kleinman Sep 26, 2023 7 mins IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe