KEY POINTS:
Four groups bidding to buy Telecom's Yellow Pages directories business are thought to have been making presentations to Telecom senior management and its adviser Goldman Sachs over the past two weeks.
The Australian newspaper reported today that one of the groups making the shortlist was Australia's Seven Network and its new private equity partner Kohlberg Kravis Roberts.
Another was CVC, which co-owns PBL Media with James Packer's Publishing and Broadcasting.
The two other private equity groups understood to have made the final cut were New York's CCMP and a consortium of Bain Capital and Australian buyout group Private Equity Partners.
The process was being run by Telecom finance chief Marko Bogoievski, who was the leading internal candidate to replace chief executive Theresa Gattung when she leaves in mid-year, The Australian said.
Final bids for the Yellow Pages business were due to be lodged by March 15.
- NZPA