Verizon announces plans to acquire Tracfone Wireless in 2021

Verizon is officially announcing its plans to acquire Tracfone (from Mexican telecom company America Movil), the largest reseller of mobile service in the US for more than $6 billion between cash, common stock, and future cash. Among the Tracfone brands combined, there are about 21 million subscribers in the US (most of which are in […]