The final criteria has been fulfilled and history was made today as CPY.V is the first to be given status as a registered payphone provider and permitted to enter into full operation immediately.
Subject:
CANADA PAYPHONE NOW A REGISTERED COMPETITIVE PAY TELEPHONE
SERVICE PROVIDER EFFECTIVE IMMEDIATELY!!
Date:
Thu, 30 Jul 1998 17:06:11 -0400
Attention Business Editors:
CANADA PAYPHONE NOW A REGISTERED COMPETITIVE PAY TELEPHONE SERVICE
PROVIDER EFFECTIVE
IMMEDIATELY!!
BURNABY, B.C., July 30 /CNW/ - Canada Payphone Corporation
VSE Symbol: CPY
Canada Payphone Corporation today proudly announces that the Company's
application for registration as a Competitive Pay Telephone Service provider
(CPTSP) has been approved by the Canadian Radio-television and
Telecommunication Commission (CRTC). In granting its approval, the CRTC
confirmed that Canada Payphone's application fulfilled the criteria
established for registration as a CPTSP, pursuant to the enty procedures set
forth in Telecom Decision CRTC 98-8, Local Pay Telephone Competition dated
June 30, 1998.
Registration as a CPTSP allows Canada Payphone to begin deployment of its
Intelligent Payphones on a national basis and the Company is now positioned to
commence full business operations.
The Company has been preparing for this day for more than three years.
This has included conducting Canada's first CRTC-licensed trial involving our
intelligent payphones, extensive research and development, and forging
strategic alliances with industry leaders like AT&T Canada Long Distance
Services Company.
Headquartered in Burnaby, B.C. with offices and full facilities in
Mississauga, Ontario, CPC provides the travelling public with an alternative
gateway to the voice and data communications network, through state-of-the-art
terminals offering an array of payment options and value-added on-line
features. CPC is a Canadian company, traded on the Vancouver Stock Exchange
(SYMBOL: CPY). More information can be found on the Internet at
www.canadapayphone.com.
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT TAKE
RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.
-0- 07/30/98
For further information: Raymond Sampson, Vice President Investor Relations or Stephen
Niven, Vice President Corporate Development (604) 257-3350, fax (604) 257-3399,
info@canadapayphone.com
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