Telecom Yellow Pages sale

Telecom looks to have got a reasonable price for its yellow pages sale – $2.24 billion.It will be interesting to see how much of that goes into capital investment – and will it be here or in Australia.

I do find it ironic that the new owner of our yellow pages business isn’t another telco or a known directory operator but instead the Ontario Teachers’ Pension Plan. Yep a group of Canadian teachers now effectively own it 🙂