RCOM, which is planning to sell off its global undersea cable net work division, has reportedly attracted interest from only a few international players including Singapore Technologies Telemedia and NTT Corporation.

RCOM, which is planning to sell off its global undersea cable network division, has reportedly attracted interest from only a few international players including Singapore Technologies Telemedia and NTT Corporation. The assets, which are a part of the deal, include FLAG; Yipes, a California-based Ethernet service provider; and Vanco, a British telecom service provider purchased by RCOM in 2008. The primary reason for the poor response to RCOM’s intended deal is that the operator is reportedly asking for around $3 billion while these assets had been purchased by it for less than $600 million. RCOM has already extended its initial deadline of end-January 2010 for bid submissions.