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Thread: Verizon Acquires Tracfone

  1. #1
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    Verizon Acquires Tracfone

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    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
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  2. #2
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    Guess Carlos got out of prepaid.

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    Bit of old news, and the transaction is far from approval - so it may not mean Verizon getting all of Tracfone.
    Drako Swiftclaw

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    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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