360networks sell-off imminent

The process to sell the assets of Canadian-based telecoms firm 360networks will begin this month, the receiver appointed to its Irish operations said yesterday. Mr Padraic Monaghan, the KPMG receiver appointed to 360networks operations in the Republic, said the information memorandum was being sent out to interested parties. He said 360networks' assets here would be sold together with its transatlantic cable network and its landing stations in the US, Canada and Britain.