Around the Net

AOL LatAm Running Out of Cash, May Cease Operations

America Online Latin America Inc., the beleaguered provider of Internet services in South America, said on Tuesday that it was running out of cash and may shut down or file for bankruptcy protection. Unless AOL Latin America finds a buyer for its assets, it will have to close down operations, the Fort Lauderdale, Florida-based company said in a regulatory filing with the U.S. Securities and Exchange Commission.

Read the whole story at Reuters, March 22, 2005 »

Next story loading loading..