NEW YORK-Teltrust Inc., Salt Lake City, a wholesaler of prepaid calling card, directory assistance and other telecommunications services, has secured a five-year, $15 million revolving line of credit from Fleet Bank.
“This new credit line will facilitate [our] ability to serve an increasing customer base and accommodate the company’s rapid infrastructure expansion and revenue growth,” said Marc Cohen, president.
In the wireless telecommunication industry, Teltrust counts among its customers Comcast Mobile Communications, for which it supplies prepaid cards for satellite phone calls, and Omnipoint Communications Services Inc., for which it provides directory assistance.
Fleet Bank, part of Boston-based Fleet Financial Group, has outstanding $4.5 billion in loan commitments to more than 200 companies in the media, communications and entertainment industries.
