Feeds

Big Blue to sell Global Network

Lou Gerstner strapped for dosh?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

A report in the Wall Street Journal claimed that IBM has put its Global Network up for a sale, and has hired Merrill Lynch to put it out to tender. The unit could fetch as much as $4 billion, Big Blue hopes, but it would have to be a worldwide ISP which thought it was worth it. Four years ago, IBM pushed the Global Network hard as an Internet solution, not just for its own corporate customers but also for end users. The backbone is IBM's own international telecomms network across the world. The news could indicate that IBM is somewhat strapped for cash, coming as it does on the heels of a report that it wanted to sell off its printer division earlier this year. The Global Network is part of Big Blue's lucrative services division and accounts for around three per cent of the company's revenue. But sources close to the company say elements of the network is extremely antiquated, using copper infrastructure and token ring cabling which might not appeal to potential customers. Only large multinationals such as AT&T or British Telecom could afford to buy a $4 billion system. IBM would not comment on the reports at press time. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.