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Yellow Pages Sold

March 28, 2007

Telecom New Zealand has sold the Yellow Pages and associated directories to the private investment arm of the Ontario Teachers’ Pension Plan for NZD$2.24 billion. A smart move by Telecom, I’m not so sure for those Canadian teachers…

Yellow Pages is looking to turn over $250 million this year and is viewed by many as a cash cow. However there are a number of small and big players looking to shrink that market.

Full story – http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10430928

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