Verizon to buy TracFone, expanding big carriers’ control of prepaid industry

A Verizon logo displayed along with stock prices at the New York Stock Exchange.

Magnify / A observe exhibiting a Verizon emblem and percentage costs on the New York Inventory Trade on September four, 2018. (credit score: Getty Photographs | Bloomberg)

Verizon as of late introduced it has struck a deal to shop for TracFone in an additional consolidation of the USA mobile .

Verizon is one among 3 main carriers that perform national wi-fi networks, in conjunction with AT&T and T-Cellular (which not too long ago purchased Dash). TracFone is the rustic’s greatest reseller of cell carrier and already is predicated totally on Verizon’s community to supply connectivity. Greater than 13 million of TracFone’s 21 million shoppers “recently depend on Verizon’s wi-fi community thru an present wholesale settlement,” Verizon’s announcement stated.

After the sale is finished, “all TracFone shoppers may have get right of entry to” to the Verizon community, a Verizon truth sheet at the deal stated. Verizon may attempt to shift present TracFone shoppers to Verizon plans, as Verizon stated the deal will convey “enhanced get right of entry to to its industry-leading wi-fi community and complete suite of mobility services to a brand new buyer base.”

Learn 11 final paragraphs | Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *