Home » Verizon seals $6.9bn TracFone acquisition as it targets price market

Verizon seals $6.9bn TracFone acquisition as it targets price market

Verizon seals $6.9bn TracFone acquisition as it targets value market

US mobile operator Verizon Wireless has signalled its intention to expand into the “value” phase of the marketplace with the $6.9 billion acquisition of US low-expense provider TracFone from The usa Movil.

Started in 1996, TracFone operates Cell Digital Community Operator (MVNO) solutions less than various various models, which includes Straightforward Cellular, Webpage Plus Cell and Full Wi-fi, powered by wholesale agreements with many key US operators.