Racal Electronics is likely to announce whether it will sell off its telecomms arm by the end of the year.
The company said it would announce the first results of the review of its telecomms business next month with its interim financial results. The review could lead to the unit being spun off or sold.
A Racal spokesperson said: ?We will give an update on the review when we announce our interim results in the first half of December.?
The electronics company said it was reviewing the future of the nine-year-old division, Racal Telecom, ahead of the industry?s total deregulation next year. The spokesman said the company is evaluating offers to buy or partner with the unit from a number of international telcos, UK companies and venture capitalists.
Among the prospective candidates are believed to be a consortium headed up by Duncan Lewis, formerly head of Mercury Communications, and one led by Scottish Telecom, the telephone unit of Scottish Power.
Racal Telecom is the UK?s second largest managed data network services operator with sales of #260 million a year. In 1995 Racal acquired BT Telecommunications, giving it 11,000 route kilometres of trunk cable. It recently announced it would pump #26 million into modernising its network, including the introduction of intelligent networks in its switches. The investment would give it a headstart of several years over the capability of its competitors? systems, claimed the company.
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