• Verizon Acquires Tracfone

    NEW YORK – Verizon (NYSE: VZ) announced today that it has entered into an agreement with America Movil to acquire Tracfone, the leading pre-paid and value mobile provider in the U.S. The acquisition expands Verizon’s portfolio into the value segment, bringing enhanced access to its industry-leading wireless network and comprehensive suite of mobility products and services to a new customer base [...] The consideration for the transaction will include $3.125 billion in cash and $3.125 billion in Verizon common stock, subject to customary adjustments, at closing.
    Discuss the news on the Tracfone forum here, or the Verizon forum here.

    Source: Verizon Press Release via The Verge

    Andrew Currie has been blogging about mobile phones since 2001, smartphones (depending on how you define them) since 2002 and smartwatches since 2014.
    This article was originally published in forum thread: Verizon Acquires Tracfone started by acurrie View original post
    Comments 3 Comments
    1. Mackdad's Avatar
      Mackdad -
      Guess Carlos got out of prepaid.
    1. jmac32here's Avatar
      jmac32here -
      Bit of old news, and the transaction is far from approval - so it may not mean Verizon getting all of Tracfone.
    1. zapjb's Avatar
      zapjb -
      Quote Originally Posted by Mackdad View Post
      Guess Carlos got out of prepaid.
      Nope this is a mere 7% or so of Slime's worldwide cellular business.
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