Verizon Updates FCC on Compliance With Tracfone Merger Conditions
Verizon told the FCC it “continued to take significant steps to enhance its compliance program and internal controls” in the 18 months since it finalized its buy of Tracfone (see 2111220069). Though “certain FCC Conditions have not yet become ripe,…
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Verizon has continued to improve its preventative measures to proactively detect potential issues it might face,” said the required semi-annual report, parts of which were redacted. Verizon noted it created the Verizon Value organization in December 2022, bringing Tracfone, Visible and Verizon Prepaid together under the same business unit: “As of the date of this filing, the leadership team for the Verizon Value organization has been implemented, with a majority of senior leaders in the TracFone organization remaining with the Verizon Value organization in similar roles. These leaders are very familiar with the Merger Order Conditions, having held prior roles with Conditions responsibilities.” In compliance with the merger order, Tracfone offers Lifeline services in 43 states, the District of Columbia and Puerto Rico, primarily through its SafeLink brand, the report said. The company “does not intend to withdraw from any jurisdictions in which it provides Lifeline service.” The report was posted Wednesday in docket 22-210.