Telesphere and Marmon sold each other units.
- Share via
The dual transactions were aimed at strengthening the long-distance telephone services that both Telesphere International Inc. and Marmon Telephone Network supply mostly to the lodging industry. Telesphere, based in Oak Brook, Ill., will pay Chicago-based Marmon Telephone Network, a unit of Marmon Group, $5.2 million for its long-distance network business and telephone switching facilities in Carson, Chicago, Atlanta and Stamford, Conn. Marmon will pay Telesphere $3.7 million for its hotel call-accounting installation, maintenance and repair operations serving 800 hotels nationwide.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.