Rumor - STI in Talks with CVT Prepaid

There are rumors coming out that STI might be in talks with CVT Prepaid about a potential buyout. Not sure if STI wants to buy out the company or just buy their brands and active phone cards.

While I have not heard anything about CVT being in any kind of dire financial difficulties, in today's shrinking prepaid phone card market a buyout to gain market share might actually make sense. IDT still leads the way in terms of cards sold but a merger between these two companies would surely put STI at or at least close to the top!

Other than this I really don't have many details to share but stay tuned to my blog for updates!