Will Compete with Former Yell Group Unit
Telecom (BT) has announced that it plans to re-enter the directory business
in the United Kingdom, both through a telephone-based inquiry service
and through the publication of printed directories.
This move follows
BT's completion of its Scoot.com acquisition (for about US$12.5 million).
That deal provided BT with a business listings database for use in producing
voice, Internet and printed directories and information services. The
return will place BT in direct competition with Yell Group, the former
BT Yellow Pages division that was sold to private equity investors in
2001 for about US$3 billion in order to pay down some of the US$24 billion
in BT's debt.