yum fails with [Errno 4] IOError: <urlopen error (-2, 'Name or service not known')>

Solution Verified - Updated -

Issue

  • yum command fails with following error,
# yum repolist
Loaded plugins: rhnplugin, security
http://local/path/to/yum/repository/repomd.xml: [Errno 4] IOError: <urlopen error (-2, 'Name or service not known')>
Trying other mirror.
Error: Cannot retrieve repository metadata (repomd.xml) for repository: myrepo. Please verify its path and try again

Environment

  • Red Hat Enterprise Linux 6
  • Red Hat Enterprise Linux 5
  • Red Hat Network (RHN)
  • Red Hat Satellite

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