States ask FCC to scrutinize Verizon's plan to buy Tracfone [telecom]

Tracfone one of the largest telecom services under Lifeline program

The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications Commission (FCC) to thoroughly investigate Verizon Communications Inc's proposed $6.25 billion acquisition of pre-paid mobile phones provider Tracfone and impose conditions if it approves the deal.

Verizon said in September it would buy Tracfone, a unit of Mexican telecom company America Movil, in a cash and stock deal.

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Posted 5 years ago by Moderator in General Telecommunications Forum

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