EarthLink Leaps 15.5% on Time-Warner Deal

EarthLink

(ELNK)

, the No. 2 Internet service provider, rose 15.5% in preopen

Island

trading after announcing it won the right to offer broadband services over

Time Warner

(TWX)

cable lines. The deal takes effect if Time Warner wins regulatory approval of its merger with

AOL

(AOL)

.