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LATIN AMERICA: AOL TIME WARNER PLANS TO INVEST US$160 MILLION IN LATIN AMERICAN UNIT.(America Online Latin America Inc.)(Brief Article)
IPR Strategic Business Information Database, March, 2002
America Online (AOL) Latin America Inc., a unit of AOL Time Warner, has announced that it will receive up to US$160 million in investment from AOL Time Warner Inc. AOL Latin America, an Internet company that targets Latin America, has announced that it will issue 11% five-year senior notes worth US$160 million, convertible into AOL Latin America preferred stock, according to Total Telecom.
These notes are to be bought by AOL Time Warner. America Online Latin America (AOLA) offers the AOL-branded Internet service in Argentina, Brazil, Mexico, and Puerto Rico. In addition AOLA offers localized content and online shopping over its proprietary network. Subscribers also get access to instant messaging, online chat, e-mail, and personalized homepages. AOLA has over 1...
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