The Federal Communications Commission (FCC) has granted Verizon approval to acquire TracFone, but it will be subject to “demanding conditions”.
Verizon announced its intention to acquire TracFone Wireless for $6.25B back in September 2020.
TracFone is the largest reseller of wireless services in the US and has around 21 million subscribers. The proposed deal naturally caught the eye of regulators.
One of the major concerns is that Verizon could hike prices...