SmartServ acquires prepaid provider Telco Group

Mobile virtual network operator and content provider SmartServ Online has signed a letter of intent to acquire New York-based Telco Group and affiliates, which provide prepaid wireless telecommunications services, prepaid international long distance, nationwide dial-around long distance and nationwide dial-up high-speed Internet services. SmartServ, which recently announced plans to begin offering prepaid wireless services using Sprint PCS’ network, said the acquisition will add more than $300 million in annual revenue.

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