Verizon Updates FCC on Compliance With Tracfone Merger Conditions
Verizon updated the FCC on integration of low-cost carrier Tracfone into its network (see 2111220069) in a semi-annual report posted Monday in docket 22-210. “Two years after the close of the transaction, Verizon has continued to satisfy the closing conditions…
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set forth by the FCC, and continues to strengthen its internal control environment to further support the compliance program established shortly after close,” Verizon said. “As certain milestones have either arrived on the second anniversary of the transaction, Verizon has continued to adapt its approach to prepare for these critical milestones by proactively testing measures put in place to meet these requirements, and improved its feedback loop with business personnel responsible for meeting the conditions to ensure ongoing compliance.” Verizon said it met one of the most challenging requirements, that by last Thursday all devices “sold by TracFone and activated on the Verizon network must be capable of automatic unlocking.” As a result, “there is no longer customer intervention required to unlock a handset purchased from TracFone and activated on the Verizon network,” the carrier said. Parts of the filing, including data on the number of Lifeline customers transferred to Verizon’s network and the number receiving 5G service, were redacted. Marketing data was also redacted. The last report was filed in May (see 2305240032).