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Yellow Pages signs deal with Vodafone
Wed. 14 Nov 2007 10:02a m.
color Pages Group (YPG) has signed a deal with Vodafone to change magnitude its online presence.
The deal with Vodafone Live! announced yesterday means YPG will compete in a similar space to Telecom's struggling online mall ferrit co nz.
The new mobile service allows Vodafone Live! subscribers to search the color website on mobile phones. The New Zealand tell reported
The system would also accept businesses on the directory service to directly respond to the mobile users.
The color Pages with residential listings are also expected to be available soon on Vodafone be!
Telecom sold YPG earlier this year for $2.24 billion to CCMP Capital and Teachers Private Capital the private investment arm of the Ontario Teachers Pension Plan.
YPG chief executive Dudley Enoka agreed the Vodafone move would not please Telecom.
He said the move had no been discussed in the sale talks.
YPG is in talks with Telecom for Yellow to be on Telecom's T3 service as it wanted to arrive the other half of the country's mobile users.
YPG reported yesterday first accommodate revenue was up 7.4 percent and the company was on track to cater its annual earning anticipate.
Quarterly revenue was $78 million while earnings before interest tax depreciation and amortisation (ebitda) was $47m -- $400,000 above forecast.
Online revenue was up 12 percent on a year earlier and revenue from the Yellow and White pages phone books up 7 percent. Yellow Pages' Retirement guide revenue grew by 51 percent for the quarter.
The company expected to meet its full-year target of $171m ebitda up 7.6 percent.
YPG has previously said it expected to make a net loss after tax of $14.6m including significant non-cash items such as $15m in depreciation and amortisation and $27m in non-cash financing.
Mr Enoka said YPG is considering issuing bonds in the new year after a $300m bond issue later scaled back to $150m was abandoned in September due to fallout in ascribe markets and the local finance company sector.
YPG is also considering commission-based fees for listings for its 200,000 business customers.
With its ability to charge commission through sales on the New Zealand Tourism Guide website it would be developing a.
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