Rosenworcel Meets With Verizon, Tracfone Execs on Proposed Deal
Ronan Dunne, CEO of Verizon Consumer Group, and Tracfone CEO Eduardo Diaz Corona spoke with FCC acting Chairwoman Jessica Rosenworcel on Verizon’s proposed buy of the low-cost carrier. “Verizon is firmly committed to TracFone’s Lifeline business and the consumers it…
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serves,” said a filing posted Wednesday in docket 21-112. The “Transaction is in the public interest, because a combined Verizon and TracFone will better serve existing and potential TracFone customers and inject further competition into the prepaid segment for value-conscious customers,” the companies said: Verizon is “eager to grow TracFone and emerge as a competitive force in the prepaid sector,” with “new, compelling offerings -- for example, 5G devices and services -- at prices that a standalone TracFone cannot offer.” The executives said Tracfone will have lower costs as part of Verizon’s network “allowing it to leverage owner’s economics, just as T-Mobile’s Metro and AT&T’s Cricket do today.” An FCC decision is expected later this year (see 2104050029).