FairPoint has agreed to sell its payphone business in northern...
FairPoint has agreed to sell its payphone business in northern New England to payphone provider Pacific Telemanagement Services (PTS), FairPoint said. Payphones have seen “dramatic decreases” in usage over the last decade and the trend is likely to continue, said…
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FairPoint CFO Ajay Sabherwal. The company operates around 4,000 payphones across northern New England. The payphone unit accounts for about $1 million in annual revenue. PTS will purchase monthly access from FairPoint for any payphones it continues to operate after the deal is closed. The deal is expected to close later this year.