Telecom offloads Yellow Pages Group

26 Mar 2007

Telecom New Zealand has sold its directories business to a group of private equity investors for NZD2.24 billion (USD1.58 billion). Telecom’s Yellow Pages Group has been acquired by a consortium consisting of CCMP Capital and Teachers’

Private Capital. The deal is expected to be completed by the end of April.

New Zealand, Spark New Zealand Group