Yell Group
From Wikipedia, the free encyclopedia
| Yell Group plc | |
 |
|
| Type | Public (LSE: YELL) |
|---|---|
| Founded | 2001 |
| Headquarters | Reading, UK |
| Key people | John Condron, CEO |
| Industry | Telecommunications |
| Products | Yellow Pages |
| Revenue | £1,621.3 million GBP (2006) |
| Operating income | £449.9 million GBP (2006) |
| Net income | £212.3 million GBP (2006) |
| Employees | 11,638 (2006) |
| Website | www.yellgroup.com |
Yell Group plc (LSE: YELL) is a British directory company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index of leading British quoted companies. It is based in Reading in Berkshire, over 40 miles west from London.
The group has its origins in the division of the privatised former British state telecommunications operator BT Group plc which produced the UK version of Yellow Pages, and has been an independent quoted company since 2001. It provides both paper and online classified directories (most notably through yell.com). It started an acquisition program in the U.S. in 1999, and this has continued since it became an independent company. In May 2005 Yell announced that it intended to purchase U.S. directory publisher TransWestern Holdings L.P. from a consortium of private equity houses for $1,575 million (£829 million). Transwestern operated in 25 states and had core positions in California and Texas. The deal went through later in the year, making Yell's U.S. subsidiary Yellow Book the fifth largest directory publisher in the United States at that time. It has made further small acquisitions since then.
Yell's turnover for the year ended 31 March 2006 was £1,621.3 million. Profit before tax was £317.4 million and net profit was £212.3 million.
In April 2006 Yell agreed to purchase a 59.9% stake in Spanish phone directory firm Telefonica Publicidad e Informacion (TPI) from Telefonica, and launched a bid for the remaining shares which valued TPI at a total of £2.3 billion (€3.3 billion; US$4.1bn).
In July 2006, Yell [1] threatened Yellowikis with legal action, claiming that people will confuse the two organisations. [2].
[edit] References
- ^ Yell. Yellowiki. Retrieved on July 12, 2006.
- ^ Legal threat to wiki listing site. BBC News (Wednesday, 12 July 2006). Retrieved on July 12, 2006.
[edit] External links
- Official site
- Yahoo profile
- Contact details on Yellowikis
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