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The Kelsey Report® Advisory

U.K. Regulators Gag Yell with Tough Rate Ruling
Charles Laughlin , 5/18/2001

Issue: OFT Decision Ignores New Global Competitive Realities

News: Last week, Britain's Office of Fair Trading (OFT) imposed a remarkably severe ruling on Yell Group, British Telecom's print and online directory publishing division. So far, the OFT has only issued a brief statement declaring that because it has not yet seen sufficient directory advertising competition in the U.K., Yell will be required to set its directory advertising rates at the rate of inflation minus 6 percent, beginning January 2002. A full report is expected after the June 7 British elections.

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