British Telecommunications PLC
29 January 2001
29 January, 2001
BT CONFIRMS FULL DEMERGER OF YELL IS AN OPTION
BT today confirmed that it was reviewing its options for Yell, its
international directories and e-commerce subsidiary.
A BT spokesman said its proposed listing of up to 25 per cent of Yell has
been affected by the continuing OFT review. The spokesman added: 'We are
therefore continuing to review all the options in relation to Yell. One option
would be a full demerger of the business, although such an option would be
subject to the resolution of certain technical issues such as taxation.'
BT said that a full announcement would be made as soon as practicable.
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