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Investing.com -- British telecommunications and cloud services provider SCG is exploring a potential sale with a valuation of up to £800 million ($1.05 billion), according to Bloomberg, citing sources familiar with the matter.
The Basingstoke-based company has engaged Houlihan Lokey Inc. to help identify potential buyers, with information about the sale possibly being distributed to prospective bidders later this week.
SCG provides telecom and cloud services to corporate clients throughout the United Kingdom. The company’s owners are in the early stages of deliberations and could ultimately decide to retain ownership of the business rather than proceed with a sale.
The sources requested anonymity as the information is not yet public. The £800 million valuation being sought represents a significant figure in the UK telecommunications sector.
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