Peoples Telephone Company Installs 406 Pay Telephones at Hartsfield International Airport

Strategic Insights -

Peoples Telephone Company, a leading provider of public pay telephone services, has successfully installed 406 pay telephones at the Hartsfield International Airport in Atlanta, Georgia. This milestone was achieved pursuant to a five-year contract, effective December 31, 1994, which is expected to generate approximately $15.6 million in gross revenues for the company. The installation of pay telephones at this major international airport marks a significant expansion of Peoples Telephone's services, positioning the company to provide public pay telephone services to other major airports across the country.

Key Takeaways:

  • Peoples Telephone Company has installed 406 pay telephones at Hartsfield International Airport in Atlanta, Georgia, as part of a five-year contract.
  • The contract, effective December 31, 1994, is expected to generate approximately $15.6 million in gross revenues for the company.
  • This installation marks Peoples Telephone's first opportunity to provide public pay telephone service at a major international airport.
  • The company is part of a joint venture partnership with AT&T and KELLEE Communications Group Inc. to provide pay telephone service to the airport.
  • Mr. Jeffrey Hanft, Chief Executive Officer of Peoples Telephone, stated that the company is uniquely positioned to develop the international airport market and expects to gain a competitive advantage in providing public pay telephone services to other major airports.
  • Peoples Telephone Company owns and operates approximately 58,000 public, inmate, and cellular telephones in 46 states.

Statistics:

  • 406 pay telephones have been installed at Hartsfield International Airport.
  • The contract is expected to generate $15.6 million in gross revenues for the company over five years.
  • Peoples Telephone Company owns and operates approximately 58,000 public, inmate, and cellular telephones.
  • The company has installed pay telephones at the airport as of March 16, 1995.

Sources:

  • PrNewswire, "Peoples Telephone Company Installs 406 Pay Telephones at Hartsfield International Airport" (March 16, 1995)
  • Peoples Telephone Company, Inc. website, press release "Peoples Telephone Company Installs Pay Telephones at Hartsfield International Airport" (March 16, 1995)
  • Nasdaq-NNM: PTEL, Peoples Telephone Company, Inc. stock information (December 31, 1994)