September 14 - 17:09
10D
Verizon to pay $6.25 billion to buy Tracfone
Verizon has entered into an agreement with America Movil to acquire Tracfone, the leading pre-paid and value mobile provider in the U.S. The deal is worth $6.25 billion, to be split evenly between cash and stock. Tracfone is the largest reseller of wireless services in the US, serving approximately 21 million subscribers through a network of over 90,000 retail locations across the U.S.
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