Verizon Completes Acquisition of TracFone Wireless

Verizon Communications has completed its previously announced acquisition of TracFone Wireless and TracFone’s family of brands, bringing the leading premium and value wireless brands together on the leading wireless network.

The addition of TracFone’s brands to Verizon’s portfolio of brands will provide more U.S. consumers seeking value wireless plans with improved experiences and enhanced services on America’s most reliable network. Customers will benefit from more choices and features, including fixed wireless residential broadband solutions, new device technology, expanded 5G access, a continued commitment to Lifeline services and more international calling and roaming options.

The acquisition positions Verizon as the leading pre-paid, value and premium wireless carrier by expanding Verizon’s portfolio, bringing enhanced access to its industry-leading wireless network and comprehensive suite of mobility products and services to a new customer base. Verizon will continue to offer Lifeline service - with new 5G connectivity options - through TracFone and further develop TracFone’s products, distribution channels, and core brands. Those brands include Straight Talk, the vast majority of whose customers operate on the Verizon network today as well as Total Wireless, TracFone and SafeLink.

TracFone is the largest reseller of wireless services in the U.S., serving approximately 20 million subscribers through a network of over 90,000 retail locations nationwide. A longtime partner of Verizon, more than 13 million TracFone subscribers currently rely on Verizon’s wireless network through an existing wholesale agreement.