Democratic Senators Push Fcc To Scrutinize Verizon's Tracfone Acquisition & Secure Commitments To Prioritize Consumers [telecom]

"History has shown that positive pledges and good intentions without binding commitments has been insufficient to protect consumers and workers."

Washington (July 21, 2021) - U.S. Senators Edward J. Markey (D-Mass.), Richard Blumenthal (D-Conn.), Sheldon Whitehouse (D-R.I.), Dianne Feinstein (D-Calif.), and Ron Wyden (D-Ore) pressed the Federal Communications Commission (FCC) today to probe Verizon's proposed acquisition of TracFone and secure specific commitments from the company to ensure that this acquisition will not harm consumers. In the $6.9 billion transaction, Verizon would acquire one of the largest operators of the Lifeline program which provides free or discounted internet and affordable prepaid mobile phone services to low-income Americans. TracFone's SafeLink Wireless Brand supports 1.7 million Lifeline subscribers in 43 states and approximately 21 million customers overall.

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