Time Warner Inc. bought back Google Inc.’s 5 percent stake in struggling Internet company AOL LLC for $283 million, according to a regulatory filing by AOL on Monday.

The price paid on July 8 is close to what Google estimated its stake at earlier this year.

Mountain View-based Google bought the stake for $1 billion in 2006, but in January estimated the investment had sunk by more than 70 percent to $274 million - giving AOL a market value of about $5.5 billion. Time Warner agreed to buy back the stake earlier this year.

Verizon will provide its medium-and-faster-speed DSL and fiber (FiOS) customers with free national Wi-Fi hotspot access: The service, provided by Boingo and rumored to be in the works earlier this year, allows Verizon to match some of Cablevision’s offer in overlapping territory, but to also compete with cable operators and future competitive services elsewhere.