Viapath Technologies (Global Tel*Link Corporation) is discussing a merger with a local blank check company, Tristar Acquisition I Corp. (NYSE:TRIS), in a deal that will see it become public, Bloomberg reported, citing insiders. A potential transaction could reportedly value the prison phone firm at more than USD 1.5 billion (EUR 1.42 billion).

No final agreement has been inked yet and it could not be certain whether any transaction will materialise, the report cautions. Viapath, formerly Global Tel*Link (GTL), offers telephone and messaging systems, handheld devices, video visitation and related services. The company also provides a suite of rehabilitative education and content solutions and facility management solutions.