Apparently, those who were worried about AT&T Advertising & Publishing leaving its St. Louis headquarters digs can rest easy. This story in the St. Louis Post-Dispatch suggests the decision was big news in St. Louis, since it affected more than 600 jobs. Apparently the decision was a defeat for those pushing to have the headquarters moved down south into former BellSouth territory.
Teachers’ Private Capital, the Canadian pension fund that acquired the Yellow Pages operation from Telecom New Zealand, says it may seek an exit through a public offering. This article in Red Orbit offers a little more detail.
Earlier this week, we read that Yell Publicidad, the successor company of TPI, has acquired Telecom Argentina’s directory business, Publicom. This essentially means Yell has the lion’s share of the Argentina directory market, having already acquired the market’s other leading player, Telinver. The purchase price on the deal was reportedly US$60.8 million. The deal is set to close next week.