Friday, 17 September 2021

Is Verizon’s acquisition of TracFone the end of the line for Lifeline?

by Harry Baldock, Total Telecom
Wednesday 17 February 21

Verizon has submitted a $6.2 billion bid to buy MVNO TracFone, but onlookers fear it may mean the end of Lifeline, a federal programme subsidising phone and broadband services, for 1.7 million customers

Back in September, Verizon announced that it would buy TracFone from America Movil for $6.2 billion. TracFone is the largest pre-paid wireless provider in the US, with around 21 million customers, and is an MVNO using the networks from all three major US players, Verizon, AT&T, and T-Mobile. At the time, Verizon said that it was interested in competing more heavily in the prepaid market…

Back in September, Verizon announced that it would buy TracFone from America Movil for $6.2 billion. TracFone is the largest pre-paid wireless provider in the US, with around 21 million customers, and is an MVNO using the networks from all three major US players, Verizon, AT&T, and T-Mobile. At the time, Verizon said that it was interested in competing more heavily in the prepaid market…

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