Abstract
Each company profile includes: detailed analysis of activities; financial analysis going back 4
years and including key financial and performance ratios; overview of management team; history of
mergers and acquisitions including key transaction data; analysis of strategy, key challenges and
market positioning versus competitors; analysis of share price performance benchmarked against
sector indices and comparable companies; discussion of the key investment highlights and risks.
Companies profiled include: BT; Conduit; DeTeMedien; Eniro; Findexa; Fonecta (YBR);
Infonxx; Infote; Kapitol; Mediatel (YBR); Pages Jaunes; P?inas Amarelas; Pagine Italia; Promedia;
PubliGroupe/Swisscom Directories; Seat Pagine Gialle; TDC Directories; TPI (Telefonica);
Telefoongids (YBR); TP Ditel; World Directories; Yell. | 
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