HERNDON, Va. - Transaction Network Services Inc. bought from Intellicall Inc. validation and fraud control service assets and an exclusive U.S. license to the VICS software for $3 million in cash.

In addition, TNS entered into a long-term billing services agreement with Intellicall under which TNS prepaid $1.5 million for future billing services. It also made a software development pact for $450,000, payable in the third quarter of 1995.

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