Verizon still expects TracFone deal to close in 2H of 2021 [telecom]

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by Monica Alleven

Although multiple entities are calling on regulators to impose conditions on Verizon's nearly $7 billion acquisition of TracFone, executives continue to believe the deal will close in the second half of this year.

Asked about progress on the deal and what's happening in Washington, D.C., Verizon CEO Hans Vestberg said during Verizon's quarterly conference call on Wednesday that the expectation is the same as it was when the transaction was announced last fall.