Update (4/18/14) The Wall Street Journal reports that Global Tel*Link Corp., the largest U.S. operator of prison phones, is being shopped by its private-equity owner American Securities, according to people familiar with the matter. The sale process comes as federal regulators have capped the fees companies like Global Tel*Link can charge for interstate calls to and from inmates and as the government considers limiting charges for calls made within state lines. The Mobile, Ala., company, […]
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