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The U.S Federal Communications Commission Approves +$6B Verizon & TracFone Wireless Deal

By John F. Heerdink, Jr.

Reportedly, the U.S. Federal Communications Commission has approved Verizon Communications, Inc. (VZ) more than $6 billion acquisition of pre-paid mobile phones provider TracFone Wireless, following the California Public Utilities Commission’s approval of the deal last week. 

FCC informed the required conditions will protect low-income consumers from price increases and also requires the company to continue to participate in low-income telecommunications in Lifeline, which is a subsidy program.

Verizon welcomed the FCC’s approval, stating the deal would “provide customers with the best of both worlds: more choices, better services and new features.”

The deal was approved by the Justice Department last year. Verizon is the largest U.S. wireless carrier by subscribers. TracFone is a unit of Mexican telecom company America Movil, which serves more than 20 million customers.

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ) and track its progress, please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: UPDATE 2-U.S. FCC approves Verizon acquisition of TracFone Wireless in Reuters)


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