WUTC: Qwest to sell Yellow Pages operations

Regulated Industries > Telecommunications >
Qwest to sell Yellow Pages operations

Docket UT-021120

The Washington Utilities and Transportation Commission on Aug. 1, 2003 approved a plan by Qwest to sell its Dex yellow pages publishing business. (For more information, see the press release.)

The commission noted its difficulty in choosing among various alternatives, all of which presented risks and uncertainties, finding that the settlement agreement posed the best balance of risks.

Under the settlement agreement, Washington customers will receive a one-time credit of $30 on their phone bills. This will amount to about $67 million and reflects a portion of Washington’s share of the proceeds from the proposed sale of Qwest’s phone directory publishing business.

When Qwest proposes rate increases over the next 15 years, the UTC will require it to factor in the estimated amount of revenue it would have received if it had retained its yellow pages business. That amount will be $110 million for the first four years, and $103.4 million for the following 11 years.

The proposed transaction is the second part of a planned sale of the directory operations. Qwest has already sold its directory business in seven of the 14 states where it provides local telephone service. The buyers are two private investment firms.

WUTC Staff Contact: Wilford Saunders, e-mail wsaunders@utc.wa.gov, tel. 360664-1245.

Posted/updated: 05/14/2007
Document list:
021120   Documents   Schedule   Orders   All


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