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March 19, 1997updated 05 Sep 2016 1:07pm

PHONETEL TO PAY $165M FOR COMMUNICATIONS CENTRAL

By CBR Staff Writer

PhoneTel Technologies Inc, Cleveland has definitive agreement to pay $165m in cash and assumed debt for fellow pay telephone operator Communications Central Inc of Roswell, Georgia. PhoneTell has 41,300 pay phones, Communications Central has 26,000 pay and prison phones.

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