December 23, 1997 |
Los Angeles-based SmarTalk TeleServices Inc., one of the largest providers of prepaid calling cards in the U.S., said it will buy American Express Co.'s American Express Telecom unit as part of a $44-million cash transaction. American Express Telecom, based in Salt Lake City, sells its prepaid long-distance phone cards at more than 14,000 locations.
October 24, 1997 |
In its fourth major acquisition this year, Los Angeles-based SmarTalk Teleservices Inc. has agreed to buy Frontier Corp.'s retail prepaid phone card business for $35 million in cash. Rochester, N.Y.-based Frontier, the nation's fifth-largest long-distance company, distributes its prepaid cards in 4,000 retail outlets, including King Soopers supermarkets, Qwik Shops and Wegmans. SmarTalk makes and distributes prepaid calling cards to major retailers, including Ralphs and Office Depot.
August 1, 1997 |
Los Angeles-based SmarTalk Teleservices Inc. confirmed it has signed an agreement to purchase an Ohio firm for about $65 million in stock, the third major acquisition by the prepaid telephone calling card company in two months. SmarTalk plans to purchase privately held ConQuest Telecommunications Services Corp., a Dublin, Ohio-based developer of prepaid phone cards with about 200 employees. SmarTalk makes and distributes prepaid phone cards to such major retailers as Office Depot Inc.
July 31, 1997 |
Significantly boosting its national presence, SmarTalk Teleservices Inc. is expected to announce today that it has signed an agreement to purchase an Ohio firm for about $65 million in stock, the third major acquisition by the Los Angeles company in two months. SmarTalk, the prepaid telephone calling-card firm founded in a room over a Bel-Air garage almost three years ago, has become one of the fastest-growing firms in California, in part through its aggressive acquisitions.
June 2, 1997 |
Fast-growing SmarTalk Teleservices Inc. announced it would acquire Orlando, Fla.-based GTI Telecom Inc. for $70 million. The move would boost the Los Angeles-based prepaid telephone calling card firm's market share in the retail drug and grocery segments. SmarTalk also would add GTI's 4,000 locations, including Ralphs Supermarkets, to its 9,000 storefronts where customers can buy cards at the checkout counter.