Name: Verizon to acquire prepaid mobile provider Tracfone
Brand: cnet.com
SKU: cnet-com-260
Availability: OnlineOnly

critic

Verizon to acquire prepaid mobile provider Tracfone

preview

FollowOne of the biggest resellers of mobile service in the US is joining Verizon in a deal worth more than $6 billion.Carrie MihalcikSenior Editor / NewsCarrie Mihalcik has lived on both coasts and can definitively say that Chesapeake Bay blue crabs are the best. She's been reporting and editing for more than a decade, including at the National Journal in Washington, DC, and CurrentTV in San Francisco. She's currently a Senior Editor at CNET focused on breaking news.on Monday said it has agreed to in a deal worth up to nearly $7 billion in cash and stock. Tracfone, part of America Movil, is one of the largest resellers of mobile service in the US, with approximately 21 million subscribers and over 90,000 retail locations, according to Verizon.Tracfone, similar to many other prepaid brands, offers service across the US and runs on other carriers' networks for a fee. Verizon said more than 13 million Tracfone subscribers already rely on its network."This transaction is aligned with what we do best: providing reliable wireless service alongside a best-in-class customer experience," said Verizon CEO and Chairman Hans Vestberg in a release. &nbsp;Verizon said the deal will include $3.125 billion in cash and $3.125 billion in Verizon shares, as well as the possibility of an additional $650 million in cash tied to performance measures and other commercial arrangements. The deal is expected to close in the second half of 2021.&nbsp;Get the CNET Mobile newsletterFind the best phones, apps and accessories with our CNET Mobile newsletter. Delivered Tuesdays and Thursdays.

FollowOne of the biggest resellers of mobile service in the US is joining Verizon in a deal worth more than $6 billion.Carrie MihalcikSenior Editor / NewsCarrie Mihalcik has lived on both coasts and can definitively say that Chesapeake Bay blue crabs are the best. She's been reporting and editing for more than a decade, including at the National Journal in Washington, DC, and CurrentTV in San Francisco. She's currently a Senior Editor at CNET focused on breaking news.on Monday said it has agreed to in a deal worth up to nearly $7 billion in cash and stock. Tracfone, part of America Movil,...

public

Carrie Mihalcik

CNET, formerly Computer Network, is an American media website that publishes reviews, news, articles, blogs, podcasts, and videos on technology and consumer electronics globally. Founded in 1994 by Halsey Minor and Shelby Bonnie, it was the flagship brand of CNET Networks and became a brand of CBS Interactive through CNET Networks' acquisition in 2008.

cnet.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Verizon to acquire prepaid mobile provider Tracfone

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS