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The payphone business is shrinking rapidly, but that hasn't stopped Pacific Telemanagement...

The payphone business is shrinking rapidly, but that hasn't stopped Pacific Telemanagement Services, a little-known company that agreed to buy nearly all Verizon's (VZ) remaining 50,000 pay phones. PTS will operate nearly 100,000 payphones out of ~425,000 still in existence in the U.S.; Verizon now owns just 4,000, down from a peak of 500,000.
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