BT buys UK online directory for €25.1m

BT announced the acquisition of Ufindus, an online driectories company based in Lancaster in the UK.

The acquisition, worth 20 million pounds (€25.1 million), strengthens BT's position in the classified advertising and directories business, the company, quoted by a Telecomworldwire report, said.

Ufindus reportedly has around 20,000 small and medium sized business customers across the UK and 1.9 million online directory listings. Ufindus publishes 3 generalist search directories (SmileLocal, MoreUK and Ufindus) and more than one hundred specialist niche directories.

BT Directories has recently launched BT Exchanges, an online directory service.

The purchase price is subject to adjustments for net debt and working capital.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.