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June 25, 1990

PEOPLES TELEPHONE CO BUYS ASSETS OF ADVANCED TELCOM SYSTEMS

By CBR Staff Writer

Peoples Telephone Co Inc, Miami has bought the assets Advanced Telecom Systems Inc of Houston for about $1.0m in cash: the company operates 413 pay-telephones in Houston and does about $1.2m a year; Peoples has 8,500 payphones in 17 states.

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