Verizon Buying Tracfone

The Verizon to buy Tracfone in a deal which worth more than #6Billon.

Now America's largest MVNO will be part of Verizon wireless.The tracfone is a largest wireless reseler in United States and they have over 21 million subscribers and over 850 employees.They have over 90,000 authorized tracfone retailers nationwide.

The deal will include $3.125 billion of cash and $3.125 billion in Verizon common stock. Tracfone could also receive an additional $650 million cash payment tied to performance measures. It’s expected to close in the second half of 2021.

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