Carphone Warehouse buying AOL UK

Carphone Warehouse has won the auction to buy the UK's third-largest internet provider, AOL UK.

BBC business editor Robert Peston said Carphone Warehouse, owner of the TalkTalk broadband and phone offering, was paying £370m for the operation.

AOL UK has 2.1 million customers across the country - 600,000 on dial-up and 1.5 million with broadband connections.

Let's hope they get the problems sorted that are synonymous with AOL or else it'll turn into a white elephant!