Verizon Acquires Tracfone

Verizon Acquires Tracfone

After last year’s merger between Sprint & T-Mobile, analysts have wondered what the next moves would be from Verizon and AT&T. The recent pandemic brought about a global smartphone decline, but amid the recession, Verizon has been eyeing new markets. The company just announced plans to acquire prepaid service Tracfone for $6.25 Billion. Tracfone is currently owned by America Movil, a telecom provider based in Mexico.

About the Author

avatar KALE: A geek who works in the IT field and lives in Dallas, TX. He is also a music geek who has played in several local bands. Previous to his IT career, Kale worked as a photojournalist. He brings technical advice and artistic counterpoint to the podcast.