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Alarms ring as BT fire sale continues

Up to £100,000 thrown at debt mountain...

By Jon Bernstein

Published: 8 May 2002 07:23 BST

BT is actively seeking a buyer for its fire and security alarms business in the hope of making a £100,000 dent in its multi-billion pound debt mountain.

Called RedCARE, the BT unit provides alarms to businesses that can then monitor them remotely. According to this morning's Independent, BT has confirmed it is holding initial talks with a US tech firm Numerex.

The deal which is understood to be worth up to £100,000 is in line with new chief executive Ben Verwayen's bid to sell off all non-core assets.

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