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.
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See the story at Business Sale Report