Verizon to Buy TracFone in Deal Valued at Nearly $7 Billion [telecom]

Move would bring about 21 million prepaid cellphone customers to the biggest U.S. wireless operator

Verizon Communications Inc. said it has agreed to buy TracFone, a provider of wireless prepaid services, in a deal worth nearly $7 billion in cash and stock, further consolidating the U.S. cellular market.

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Bill Horne
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