IBM has quietly put its Global Network operations up for sale for as much as $4 billion, claims a report in 'The Wall Street Journal' today. IBM has declined to comment.
According to the report, sources close to the company said IBM has hired Merrill Lynch to auction the network, for an expected price of around $3-4 billion.
The Global Network, which grew out of the internal telephone system linking IBM outposts, now transmits corporate data for about 30,000 customer facilities in 900 cities across 50 countries. Part of IBM's services unit, the Network employs 6,000 people worldwide and was estimated to have brought in around $2 billion, or about 2.5 per cent of IBM's revenue, last year.
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