Freepages Group PLC - Joint Venture
29 Januar 1998 - 8:31AM
UK Regulatory
RNS No 2817d
FREEPAGES GROUP PLC
29th January 1998
FREEPAGES GROUP plc
("Freepages" or the "Company") and VNU BV
Launch of Scoot Services in Belgium
Freepages, operating under the Scoot trading name
as an interactive consumer service in the UK and
Netherlands, is pleased to announce that it is
launching Scoot in Belgium through a 50:50 joint
venture with VNU BV, its joint venture partner in
the Netherlands. The total investment
requirement is estimated to amount to #10 million
during a three year period and will be shared equally
between both parties.
The key management team has been formed and is
led by Mark de Smedt (ex Citicorp and Apple) with
the head office being established in Brussels.
It is expected that test marketing in French,
Walloon and Flemish speaking areas will take
place during April and May and the national
launch is currently planned for June 1998.
Freepages and VNU jointly conducted an extensive
feasibility study demonstrating a high level of
interest from both consumers and advertisers in
the Scoot services in Belgium.
The Belgian advertising market has one of the
highest levels of directory expenditure in
Europe. As a percentage of the total advertising
market, directory expenditure amounts to
approximately 14%. There are currently no
services comparable to Scoot available in
Belgium.
Commenting on todays announcement Robert
Bonnier, Chief Executive Officer of Freepages,
said:
"Our successful launch in the Netherlands has
accelerated the planned roll-out of Scoot
Belgium. With a strong local management team and
our important partnership with VNU, we are
confident that we can quickly establish our
unique value proposition to Belgian consumers and
advertisers."
Jaap Scholten, Member of the Executive Board of
VNU, commented:
"The speed with which we are jointly developing
the Scoot business in the Benelux is a further
endorsement of our commitment to this innovative
electronic media concept. It also demonstrates
the strength and growing success of the co-
operation between VNU and Freepages Group plc."
Scoot(TM) is a leading provider of interactive
consumer services, providing buyers with powerful
decision making information and connecting them
directly with sellers through mass distribution
channels. Scoot UK is a wholly owned subsidiary
of Freepages Group plc which is quoted in London
(FRE.L) and on NASDAQ (FREEY).
For further information, please contact:
Scoot (UK) Ltd Buchanan Communications
0171 368 3900 0171 466 5000
Robert Bonnier Mark Edwards
Chief Executive Officer
Miranda Cleverdon
Corporate Communications Director
VNU
00 31 23546 3600
Maartin Schikker
Public Relations
END
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