Home Page News Briefs People Media Telecom Archives About Us GET FREE NEWS UPDATES
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers

NL Short Takes

News | 08/17/2006 4:00 am EDT

Yellow Pages to acquire MTS directories
MTS Allstream has announced that it has reached an agreement to sell its telephone directories business to Yellow Pages Group Co. for $281 million, of which $275 million will be paid in cash. "This transaction is a clear sign of our commitment to create and deliver long-term value for our shareholders," MTS Allstream, president and CEO Pierre Blouin said in a news release. "Our directory business is performing strongly, but as a publishing enterprise it is outside the scope of our core telecommunications franchise." The transaction has been approved by MTS Allstream’s board of directors and is expected to close in the fourth quarter of 2006.Under terms of the agreement, all employees of MTS’s directories business will be offered employment by Yellow Pages.

This content is available to wirereport.ca subscribers

Already a subscriber? Sign in here

Unlock all the Canadian telecom, broadcasting and digital media news you need.

Take a free trial or subscribe to The Wire Report now.

FREE TRIAL

Two weeks free access to thewirereport.ca and our exlusive newsletters.

Register for free

* Required

SUBSCRIBE

Unlimited access to thewirereport.ca and our exlusive newsletters.

Continue

* Required

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com