The Post Office is in talks over selling its telecoms arm and its insurance business.
The new chief executive, Nick Read, hopes to shake things up as he was appointed just last year at the government-owned business.
The Post Office is reportedly selling the telecoms arms, which has 500,000 customers and an annual revenue of £150m, for £100m. Meanwhile, the insurance arm of the business has 300,000 customers.
A source told Sky News that selling both of the divisions will allow the group to focus on mail, parcels, cash and banking services.
Read joined the Post Office almost a year ago from the Nisa convenience store group. He continues to deal with the effects of the major scandal that saw Post Office branch managers wrongly sent to prison.
Last year the group agreed to pay £58m to settle a legal claim brought by a group of 550 branch managers.
The group has declined to comment.
