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BT confirms pondering Yell demerger

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BT today confirmed that it was reviewing its options for Yell, its international directories and e-commerce subsidiary.

Weekend press reports speculated that the monster telco was considering demerging the whole business - instead of the 25 per cent that was originally up for grabs.

A BT spokesman said its proposed listing of up to 25 per cent of Yell has been affected by the continuing review of the business by the Office of Fair Trading.

He 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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