Yellow Pages Industry Monitor
Monitoring industry and company developments in the global yellow pages and local search Industries
| Fortnightly newsletter | Issue No. 8, Published 24th July 2009 | Published by Heernet Ventures Limited (heernet.com) | Subscribe at G2Mi.com |
News
Infoserve Group Plc announces FY09 results
Google launches voice-based mobile search in India
GetFugu appoints new Chairman
Telekom Slovenije acquires 100% stake in Najdi
Optimus launches free GPRS local search application in partnership with Digital Minds
Just Dial gets funding from Sequoia Capital
Monetelize launches Yellowtel, a directory service
Mobile Commerce launches Monetised search service in the US
Yell Group launches online video channel and publishes quarterly results
Data
Share price performance
Deal sheet (Feb - July 09)
Yell Group – quaterly results
The view from Europe….North America…..Asia……Latin America……Middle East…………...
Heernet Ventures publishes this newsletter as part of its research coverage of the yellow pages industry. You can access more research on the
yellow pages industry from our research website at G2Mi.com.
If you are in the local search industry or are a financial investor seeking market or company analysis, we can assist you. With dedicated research
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Over the last five years, we have worked on a number of advisory assignments in the industry on areas such as growth strategy, product
benchmarking, competitor intelligence and acquisition search.
For an initial discussion, please contact us on +44 (0) 208 180 7223 or by email on service@g2mi.com.
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YELLOW PAGES INDUSTRY MONITOR
News
Infoserve Group Plc announces FY09 results GetFugu Inc., based in the US, provides mobile search tools
and applications such as ARL (See It), VRL (Say It), GRL
17th July 2009
(Find It) and Hotspotting (Get It).
Infoserve has announced its financial result for the year
ended March 2009. The company’s revenue increased 20%
to £5.6 million. Approximately 99% of revenue was Telekom Slovenije acquires 100% stake in Najdi
generated in the UK and the rest in Europe.
23rd July 2009
Infoserve Group Plc is an online local search engine
Telekom Slovenije has increased its stake in Najdi, a local
provider based in the UK. The company was incorporated
search engine, to 100%. The company had previously
in 2006 and is listed on the AIM market. The company
acquired a 75% stake in Najdi for US$11.8 million. Further
operates cityvisitor.co.uk, an online business directory in the
details of the acquisition have yet to be disclosed.
UK.
Telekom Slovenije is a communications company in
Slovenia. Najdi, a subsidiary of Interseek, offers a network
£ '000 2008 2009 % Change of local search engines in Southeast Europe through
Pogodak.
Revenue 4,651 5,595 20.3
Operating loss (2,697) (812) -
Net loss (2,945) (992) -
Optimus launches free GPRS local search
application in partnership with Digital Minds
23rd July 2009
Portuguese mobile telephone operator Optimus
Google launches voice-based mobile search in
Telecommunication SA has launched The Amaze, a free
India
local search application for mobile phones. The application
20 July, 2009 also provides weather forecasts, maps and voice search
Google India has launched a voice-based mobile search services and has an online presence at amazegps.com.
service in India available to 400,000 Blackberry users in
English. The company launched an SMS-based search
Just Dial gets funding from Sequoia Capital
service in Hindi and Telegu earlier this year. It plans to add
other value-added services such as social networking, 23rd July, 2009
Google maps, and voice- and Internet-based searches on
Indian telephone and web search services provider Just Dial
mobiles.
has received US$8.2 million in funding from venture capital
firm Sequoia Capital India.
GetFugu appoints new Chairman Sequoia Capital India is the Indian investing arm of US
private equity firm Sequoia Capital. Just Dial is a local
22nd July 2009
telephone and web-based search provider with an 80%
GetFugu Inc., a mobile search company, has appointed market share in local search in India.
Michael Jay Solomon as the new Chairman of the Board.
Solomon was previously President of Lorimar-Telepictures
Corporation and of Warner Bros.
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YELLOW PAGES INDUSTRY MONITOR
Monetelize launches Yellowtel, a directory service
23rd July 2009 Yell Group Plc launches online video channel with
VideoJug and declares quarterly results
US technology firm Monetelize has launched Yellowtel, a
directory service for mobile phones. Yellowtel directories 23th July 2009
are similar to online yellow pages.
Yell.com, a local search engine based in the UK, has
Monetelize provides a .tel technology platform for the launched an online video channel in partnership with
development of local search media within the .tel domain. VideoJug, an online video content provider. The channel
features consumer guideS provided by VideoJug. The
videos are linked to the company’s search engine. For
Mobile Commerce launches Monetised search example, a user searching for a plumber could view a video
service in the US guide to plumbing.
23rd July 2009 Yell Group also announced its results for the quarter ended
Mobile Commerce Inc, a mobile search company based in 30 June (details in the table below).
the UK, has launched its Monetised search service in the Yell Group operates directories businesses in the UK, USA,
US. Monetised is a popular search service in the UK and Spain and Latin America.
provides search results alongside advertisers’ listings and
links to sites on a publisher’s own portal. Tapu, a mobile
search engine in the US, has signed up for the Monetised
search service.
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YELLOW PAGES INDUSTRY MONITOR
Share price performance
Company name Reuters Bloomberg Currency Current % Change
Code Code price
1 mth 6 mth 12 mth
Eniro AB ENIRO.ST ENRO.SS SEK 26.40 -5.71% 33.46% -39.89%
Pages Jaunes PAJ.PA PAJ.FP EUR 7.20 2.49% 3.17% -20.85%
Seat Pagine Gialle PGIT.MI PG:IM EUR 0.175 4.10% -60.47% -70.74%
Telegate TGTG.DE TGT:GR EUR 8.10 11.72% 20.90% -19.80%
Yell Group YELL.L YELL:LN GBP 30.75 28.13% -30.11% -56.69%
Yellow Pages Income Fund YLO_u.TO YLO-U:CN CAD 5.06 -5.42% -18.52% -48.26%
Yellow Pages (Singapore) YELP.SI YPG:SP SGD 0.365 12.31% 108.57% -45.93%
Date updated: 24th July 2009
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YELLOW PAGES INDUSTRY MONITOR
Deal Sheet
A summary of recent key deals and joint ventures.
Date Sub Sector Investor Investee Terms Details
February Directories Yellow Pages New APN News and N.A. APN News and Media sold online business directory FindA.co.nz
2009 Zealand Media Ltd to Yellow Pages New Zealand.
February Directories Helion Venture GETIT Infoservices INR200 Helion Venture Partners invested in GETIT Infoservices (p) Ltd, a
2009 Partners (P) Ltd million yellow pages and directories publisher, to expand GETIT's
services across the country.
March Directories Eniro AB Oreo AB SEK6.6 Swedish search and directory services provider Eniro AB acquired
2009 million Oreo AB, a local public procurement services company.
March Directories Yellow Pages Insis (IE Singapore US$6.0 Yellow Pages (Singapore) acquired a stake in Insis, a wholly
2009 (Singapore) Holdings) million owned subsidiary of IE Singapore Holdings.
April Directories LocalTel Shamrock Media NA LocalTel, a directory publisher, acquired Shamrock Media
2009 Incorporated Incorporated, another directory publisher.
June Mobile local Multiplied Media UnoMobi Group NA Multiplied Media Corporation Group is a mobile local search
2009 search service provider in Calgary. UnoMobi is a mobile software
development company.
June Directories Herold Business Tupalo.com NA Herold Business Data GmbH acquired a 24% stake in
2009 Data GmbH Tupalo.com. Herold Business Data GmbH is a yellow pages
publisher in Austria. Tupalo.com offers international social yellow
pages services.
June Directories JLA CP Holding ZipLocal Inc. $2.4 billion JLA CP Holding Inc. is a private Ontario corporation. ZipLocal is
2009 Inc. a Canadian local search engine.
July Directories LB2 Group Ltd. Ketchum Directory NA Ketchum Directory Advertising, a wholly owned subsidiary of
2009 Advertising Omnicom Group Inc., is a directory advertising agency in the US.
July Directories Local Insight The Berry NA Local Insight Yellow Pages Inc. publishes directories in print and
2009 Yellow Pages Inc. Company online. The Berry Company provides local search solutions. Both
companies are subsidiaries of Local Insight Regatta Holdings.
July Search Telekom Slovenije Najdi NA Telekom Slovenije is a communications company in Slovenia.
2009 engine Najdi, a subsidiary of Interseek, offers a network of local search
engines in Southeast Europe through Pogodak.
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YELLOW PAGES INDUSTRY MONITOR
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YELLOW PAGES INDUSTRY MONITOR
Data
Yell Group Plc results and operational data for Quarter ended June 2009.
2009 Q1 2009 Q1 2010 % Change
FINANCIALS
GROUP DATA
Total revenues (£ million) 2,397.9 468.4 475.3 1.5%
EBITDA
Yell UK 266.7 68.8 60.4 -12.2
Yellow Book US 563.7 117.6 106.9 -9.1%
Yell Publicidad 248.0 186.00 209.20 12.5%
Total adjusted EBITDA 816.1 154.8 148.0 -4.4%
Yell UK
Revenues (£ millions)
Total UK print directories 504.4 127.3 105.2 -17.4%
Other services (online directory) 164.5 39.4 42.8 8.6%
Total UK Revenues 692.1 173.3 153.8 -11.3%
Total UK EBITDA 266.7 68.8 60.4 -12.2
Yellow Book (USA)
Revenues (US$ million)
Online - total 227.3 115.10 227.30 97.5%
Print 1,735.2 1,894.10 1,735.20 -8.4%
Total US Revenues 1,962.5 2,009.80 1,962.50 -2.4%
Total US EBITDA 563.7 292.40 340.20 16.3%
Yell Publicidad (SPAIN, LatAm)
Total Yell Publicidad Revenues (£ millions) 620.7 485.40 523.60 7.9%
Total Yell Publicidad EBITDA 248.0 185.90 209.20 12.5%
OPERATIONAL DATA
UK Information
Total number of live advertisers (at period end, 000s) 455,000
Print:
Unique advertisers 390,000 115,000 100,000 -13.0%
Directory editions published 113 29 29 0.0%
ARPA (£) 1,293.00 1,107.00 1,052.00 5.0%
Online:
Yell.com searchable advertisers (Year-end) 217,000 210,000 215,000 2.4%
No. of unique visitors (millions) for June 10.70 9.00 10.40 15.6%
AR per Searchable Advertisers (£) 772.00 712.00 785.00 10.3%
USA Information
Unique advertisers 634,000 164,000 141,000 -14.0%
Directory editions published 996.00 176.00 177.00
ARPA (US$) 2,737.00 2,170 2,155 -0.7%
Renewal rate 68.0% 73.0% 69.0%
YellowBook.com
Searchable advertisers 366,000 374,000 379,000 1.3%
Unique visitors (millions) for June 16.80 11.90 16.80 41.2%
Spain Information
Directory editions published 89 21 21
Revenue per unique advertiser (€) 881 678 571 -15.85
Internet
Searchable advertisers 116,000 173 126 -27.2
Unique visitors (million) for June 6.90 5.7 6.6 15.8%
Revenue per average searchable advertiser (€) 329 179 392 119.0%
Source: Company website
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YELLOW PAGES INDUSTRY MONITOR
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