Verizon/Tracfone Applicants Say Approval Will Mean More Competition
Verizon, Tracfone and America Movil defended Verizon’s proposed $7 billion buy of the low-cost carrier, saying it will mean more competition in the U.S. prepaid market. T-Mobile’s Metro and AT&T’s Cricket “have significant competitive advantages over TracFone as flanker brands…
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of mobile network operators,” said a filing posted Thursday in docket 21-112. “TracFone has lost nearly 20 percent of its customers in recent years, while Metro and Cricket have roughly doubled their subscribers -- largely at the expense of TracFone -- over the same period,” the filing said: “TracFone’s continuing subscriber losses and eroding share of the prepaid segment show how hard it is to compete on a standalone basis.”