Global Crossing weighs U.K. unit sale

U.S. telecom Global Crossing is considering selling its U.K. division, made up primarily of the remnants of Sir Ernest Harrison's Racal Telecom, which Global bought for some $2 billion in 1999.

Buyers could include Cable & Wireless, BT and Scottish & Southern Energy. The U.K. arm earned $126 million on sales of $594 million last year and is a profit center for Global.

For more:
See the story at Business Sale Report

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