FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez
November 19, 2021
WASHINGTON (Reuters) – Federal Communications Commission chair Jessica Rosenworcel on Friday circulated an order among the commissioners to approve Verizon Communications’ more than $6 billion proposed acquisition of TracFone Wireless, a document shows.
Rosenworcel’s proposed approval order comes after the California Public Utilities Commission said Thursday it approved the deal after Verizon agreed to some additional consumer protection conditions. Verizon said in September 2020 it would buy pre-paid mobile phones provider TracFone, a unit of Mexican telecom company America Movil, in a cash and stock deal worth up to $6.9 billion.
(Reporting by David Shepardson)
