The fourth largest long distance telephone carrier gets smaller and smaller, and now that MCI Communications Corp has taken Telecom*USA out of contention, the mantle falls on Atlanta-based Advanced Telecommunications Corp, whose news is that it has signed a multi-year service agreement with Comdata Corp, Brentwood, Tennessee supplier of funds transfer telecommunications services to the transport, retail and leisure industries; the minimum value of the contract is estimated at $52.5m; Advanced also announced its intention to buy $14m of Comdata convertible preferred.
