SoylentNews
SoylentNews is people
https://soylentnews.org/

Title    Verizon Completes Tracfone Acquisition after FCC Approval
Date    Wednesday November 24, @09:46AM
Author    janrinok
Topic   
from the big-bets dept.
https://soylentnews.org/article.pl?sid=21/11/23/1237229

upstart writes:

Verizon completes Tracfone acquisition after FCC approval:

Verizon on Tuesday said it had completed its acquisition of prepaid mobile company Tracfone, just a day after the US Federal Communications Commission voted to approve the $6 billion deal. Verizon announced the acquisition in September, pending the regulatory approval that finally came this week.

[...] When the deal was announced, Verizon's CEO Hans Vestberg tweeted that the company was excited to "put the full support of Verizon behind this business." It's another big investment from the wireless carrier, following Verizon's spending $53 billion on radio airwaves this March.

[...] The FCC's approval came with a long list of "binding conditions to address potential harms and to ensure the transaction will be in the public interest," according to an FCC press release. Those conditions are largely centered on keeping Tracfone's products and services accessible and affordable for low-income consumers and ensuring Tracfone's existing customers don't get left behind in the transition.


Original Submission

Links

  1. "upstart" - https://soylentnews.org/~upstart/
  2. "Verizon completes Tracfone acquisition after FCC approval" - https://www.cnet.com/tech/mobile/verizon-completes-tracfone-acquisition-after-fcc-approval/
  3. "Verizon" - https://www.cnet.com/tags/verizon/
  4. "completed its acquisition of prepaid mobile company Tracfone" - https://www.verizon.com/about/news/verizon-completes-tracfone-wireless-inc-acquisition
  5. "$6 billion deal" - https://www.cnet.com/tech/mobile/verizon-to-acquire-prepaid-mobile-provider-tracfone/
  6. "CEO Hans Vestberg tweeted" - https://twitter.com/hansvestberg/status/1305480163895934976
  7. "$53 billion on radio airwaves" - https://www.cnet.com/tech/m%C3%B3vil/verizon-spent-53-billion-on-radio-airwaves-this-is-how-theyll-boost-its-5g-network/
  8. "FCC press release" - https://www.fcc.gov/document/fcc-approves-verizon-tracfone-consumer-protections
  9. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=52549

© Copyright 2021 - SoylentNews, All Rights Reserved

printed from SoylentNews, Verizon Completes Tracfone Acquisition after FCC Approval on 2021-12-03 12:54:30