Verizon wraps up $6.9bn acquisition of wireless provider Tracfone Wireless

Verizon wraps up $6.9bn acquisition of wireless provider Tracfone Wireless

Verizon has wrapped up its previously announced $6.9 billion acquisition of US-based prepaid wireless provider Tracfone Wireless. The US-based telecom conglomerate had acquired Tracfone Wireless from Mexican telecommunications corporation America Movil. Verizon acquisition of Tracfone was announced in late 2020. The consideration includes an amount of up to $650 million to be paid based on […]

Verizon to acquire US prepaid wireless provider Tracfone Wireless from America Movil

Verizon to acquire US prepaid wireless provider Tracfone Wireless from America Movil

Telecommunications conglomerate Verizon has agreed to acquire Tracfone Wireless, a prepaid wireless provider in the US, from Mexican telecommunications corporation America Movil in a deal worth up to $6.9 billion. The acquisition is said to grow the portfolio of Verizon into the value segment, bringing improved access to its wireless network and suite of mobility […]