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News > Deals
AOL/TWX-Juno talks
November 15, 2000: 5:12 p.m. ET

Pace of talks quickens for specific terms on broadband access for ISP
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NEW YORK (CNNfn) - Negotiations between Time Warner Inc., America Online Inc. and Juno Online Services Inc. for open access to cable lines have picked up the pace, according to a Juno spokesman, but he gave no indication if an agreement will be reached by the Federal Trade Commission's deadline of Dec. 1.

Juno Spokesman Gary Baker said Wednesday the pace of talks "has picked up significantly" and the parties are closer to an agreement. But Baker added negotiations have been "going well all along."

The FTC agreed last week to postpone a vote on whether or not to approve the $112 billion AOL/Time Warner merger for up to three weeks. The Commission said it did so only after officials from both companies made recent offers to address competitive issues.

Time Warner and Juno  (JWEB: Research, Estimates) signed a binding letter of intent in July, making New York-based Juno the first Internet service provider to Time Warner Cable customers, but exact terms have yet to be finalized.

A definitive contract could ease FTC concerns about consumer choice for ISPs and access to No. 2 U.S. cable company Time Warner's high-speed Road Runner system.

The Washington Post reported Wednesday AOL and CNNfn.com parent Time Warner have stepped up talks with ISP EarthLink Network Inc.

AOL (AOL: Research, Estimates) and Time Warner (TWX: Research, Estimates) declined to comment.

Shares of AOL fell 50 cents to $49.40 Wednesday, while Time Warner dropped 85 cents to $74.50. Juno rose 50 cents to $3.38. graphic

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FTC pushes AOL, Time Warner for open access - Sept. 9, 2000

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