FCC Approves Verizon/TracFone Transfer with Conditions

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The Federal Communications Commission (FCC, Commission) has approved the transfer of prepaid mobile virtual network operator (MVNO) TracFone from América Móvil to Verizon, with conditions to protect TracFone’s low income customers.  TracFone offers prepaid services to more than 20 million customers, including offering prepaid services to approximately 1.7 million Lifeline customers.  Some of the conditions imposed by the FCC include Verizon’s commitment to continue TracFone’s Lifeline-supported services for seven years (along with advertising TracFone’s Lifeline Plans), and making a 5G plan and affordable 5G devices available to Lifeline customers.  The FCC is requiring seven years of oversight over its conditions.

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