Global Switch Is Said to Explore $2 Billion Sale of UK Unit.

Global Switch Holdings Ltd. is considering selling a majority stake in its UK business for approximately £1.5 billion ($1.95 billion) with the help of UBS Group AG. The company recently sold its Australian business for about A$1.9 billion ($1.3 billion) to focus on growth opportunities in new and existing markets. Global Switch, founded in 1998, operates data centers across Europe and Asia, including in London near Canary Wharf, and is currently developing a new data center in the city. [Extracted from the article]