Published by Global Banking & Finance Review®
Posted on November 10, 2025
1 min readLast updated: January 21, 2026
SCG, a UK telecom firm, is considering a $1 billion sale, engaging Houlihan Lokey to find potential buyers. The process is in early stages.
(Reuters) -British telecom and cloud services provider SCG is exploring a sale at a valuation of as much as 800 million pounds ($1.07 billion), Bloomberg News reported on Monday, citing people with knowledge of the matter.
The Bastingstoke, UK-based company is working with investment bank Houlihan Lokey to solicit interest from potential buyers, and information about the sale could be sent to potential bidders later this week, the report said.
Houlihan Lokey declined to comment. SCG was not immediately reachable for a comment.
Deliberations for the sale are at an early stage and the company's owners could decide to not pursue a sale, the report said.
Founded in 1965, SCG provides small- and medium-sized businesses across the UK with fixed-line, data, mobile and cloud-based unified communication services.
($1 = 0.7451 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Sahal Muhammed)
A valuation is the process of determining the current worth of an asset or company, often used in investment banking to assess potential sale prices or investment opportunities.
Investment banking is a financial service that helps companies raise capital by underwriting and issuing securities, as well as providing advisory services for mergers and acquisitions.
Telecommunications services refer to the transmission of information over significant distances by electronic means, including phone services, internet access, and data communication.
Corporate strategy is the overall plan for a company, outlining how it will achieve its goals and objectives, including decisions on mergers, acquisitions, and resource allocation.
Business services are services that support a company's operations, such as consulting, marketing, and IT services, aimed at improving efficiency and effectiveness.
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