client login
Username
Remember Me
Forgot Password
Password

The Kelsey Report® Advisory

How Will Qwest Sale Change the Yellow Pages?
Charles Laughlin , 4/22/2002

Issue: QwestDex Sale on the Verge, Bidders Abound

News: The on-again, off-again sale of QwestDex Yellow Pages appears to be imminent, as multiple financial news outlets have reported that discussions are well advanced with several potential suitors to buy all or parts of QwestDex for between $8 billion and $10 billion. Qwest is selling Dex to raise money to reduce its debt load, currently estimated at $24.9 billion. TKG estimates QwestDex's 2001 earnings before interest, taxes, depreciation and amortization (EBITDA) at around $990 million on revenues of $1.6 billion. The prices being floated in the press therefore represent multiples of between eight and 10 times EBITDA, in line with other recent directory transactions.

Copyright � 2005 The Kelsey Group. All Rights Reserved.
This published material is for internal client use only. It may not be duplicated or distributed in any manner not permitted by contract. Any unauthorized distribution could result in termination of the client relationship, fines and other civil or criminal penalties under Federal law. The Kelsey Group disclaims all warranties regarding the accuracy of the information herein and similarly disclaims any liability for direct, indirect or consequential damages that may result from the use or interpretation of this information.

Learn more about:

TKG clients

Summaries of White Papers and Advisories

What TKG clients receive

 

The Kelsey Group, Inc., 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 E-Mail: [email protected]
Copyright© 2006 The Kelsey Group. All Rights Reserved.