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FairPoint Communications, Inc. Sells Payphone Operations To Pacific Telemanagement Services

Tuesday, 22 May 2012 04:01pm EDT 

FairPoint Communications, Inc. announced that it has agreed to sell its payphone business in northern New England to Pacific Telemanagement Services (PTS). PTS will purchase monthly access from FairPoint for any payphones it continues to operate after the deal is closed. FairPoint and PTS expect the deal will close later this year. Financial terms were not mentioned. 

Company Quote

-0.04 -0.28%
4:00pm EDT