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CONTEL TO TAKE CHARGE WITH ITS 4Q FIGURES

Contel Corp, Atlanta will take a $108m to $120m charge with its fourth quarter figures on the write-off of old equipment as part of a restructuring of its Contel ASC unit, and it will also pay $13m to cover the cost of early repayment of some debt: the moves are to improve the company’s cash flow.

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CBR Staff Writer

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