What you need to know
- The FCC approved Verizon's acquisition of TracFone on November 22, 2021.
- Verizon reached an agreement to buy the prepaid carrier over a year earlier, September 13, 2020, for $7 billion.
- Verizon claims that TracFone customers will benefit from Verizon's investment with better services and new features.
Verizon is applauding the FCC's approval of its acquisition of prepaid cell phone carrier TracFone. Verizon had entered an agreement to buy the carrier on September 13, 2020, for $7 billion. At the time, Tracfone was the largest MVNO in the country, with 21 million subscribers.
Senior vice president of public policy and government affairs, Kathy Grillo, said of the deal:
TracFone also has several other smaller brands, including Straight Talk, Simple Mobile, Total Wireless, and Walmart Family Mobile. TracFone customers likely won't notice much, if any, negative impact to their service given the strength of Verizon's coverage area. It will also take some time before Verizon is able to fully integrate the carrier and its customers into its own network. Grillo reaffirmed its commitment to TracFone customers:
TracFone is joining the growing number of prepaid options using Verizon's network. These carriers offer their own plans and features to allow customers to find the right fit for them. For the most part, this is a strong move with some of the best cell phone plans you can buy using Verizon's vast LTE network.
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When Samuel is not writing about networking or 5G at Android Central, he spends most of his time researching computer components and obsessing over what CPU goes into the ultimate Windows 98 computer. It's the Pentium 3.