Verizon officially buys TracFone, Straight Talk and Walmart Family users keep the LifeLine subsidy
TracFone, America’s largest virtual operator that piggybacks on all of the big guys’ networks, used to be all for Sprint’s merger with T-Mobile. It argued before the FCC that the wedding of what were at the time the third and fourth largest US carriers will increase their coverage in rural areas more efficiently, and result in three full-service competitors, rather than the current Verizon/AT&T duopoly there. Fast forward a year or two, and it’s exactly Verizon that just got the FCC nod to acquire TracFone.
Verizon welcomes the FCC’s approval today of our TracFone acquisition. The deal will provide customers with the best of both worlds: more choices, better services and new features thanks to Verizon’s investment and innovation. Customers will benefit with enhancements in devices, network performance and innovative products and services — as well as a continued commitment to Lifeline.
We thank Chairwoman Rosenworcel, the Commissioners, and the FCC staff for their leadership and commitment to the public interest. We also want to thank the commissioners, ALJ and staff of the California Public Utilities Commission, as well as many community-based organizations that expressed support for this transaction. We will work hard to serve TracFone’s current customers and look forward to serving new ones in this dynamic and fast-growing marketplace.
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