Feeds

Big Blue to sell Global Network

Lou Gerstner strapped for dosh?

  • alert
  • submit to reddit

The essential guide to IT transformation

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
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.