Telefonica Sells, Yell Buys: Telefonica’s 59.9% of TPI’s “Yellow Pages” sold for 1.838 million
Certainly everyone is aware that the Spanish TPI (“Paginas Amarillas”—Spanish Yellow Pages) has been up for sale. Bidding came down to two major players, the British Yell telephone directories and Apax Partners and Cinven, a venture capital. On the 28th of April, Telefonica agreed to sell its 59.9% in TPI