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AOL lands high-speed deal with Charter

In fourth deal in a week, AOL adds cable operator Charter to list of companies providing it with speedy Net access.

AOL, the online division of Time Warner, on Thursday said it has landed a deal with cable operator Charter Communications to offer low-cost, high-speed Internet service. It is the fourth new deal since last week, when it struck similar agreements with phone companies BellSouth, AT&T and Qwest Communications International.

AOL, which has lost more than 7 million subscribers to its dial-up modem Internet service since 2002, is now seeking to offer low-cost high-speed service to its existing 19.5 million to prevent further defection. The service will be offered beginning Feb. 6 for $25.90 per month.