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Technology / AI and automation

GROUP LONG DISTANCE SELLS TEL-SAVE SHARES

Group Long Distance Inc, Fort Lauderdale, Florida long distance telecommunications and internet service provider, says it has sold 1.347 million shares of fellow telecom carrier Tel-Save Inc’s common stock. The sale generated roughly $26.6m before taxes and transaction costs. The company says it made the sale to better position its balance sheet by paying down outstanding obligations.

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CBR Staff Writer

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