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Bangkok Post, Thailand, Business Briefs Column.
Jun. 3--SINGTEL SELLING YELLOW PAGES UNITS: Singapore Telecommunications Ltd has sold all of the business and assets of SingTel Yellow Pages (SYP), its directory subsidiary, to CVC Asia Pacific and J.P. Morgan Partners Asia for US$220 million.
The sale will include the subsidiary's core telephone and niche directory publishing businesses, Internet Yellow Pages and city search service, as well as some overseas investments.
Wee Ling Yeo, country director of SingTel (Thailand), declined comment on the sale, saying only that it was being handled by the investment arm of the parent company.
SingTel is a strategic partner in Thailand's largest ...
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Source: HighBeam Research, Bangkok Post, Thailand, Business Briefs Column.