Verizon to buy wireless services provider Tracfone in US$6.25 billion deal

Verizon to buy wireless services provider Tracfone in US$6.25 billion deal

Verizon Communications Inc said on Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a US$6.25 billion cash and stock deal.

A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona
FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez

REUTERS: Verizon Communications Inc said on Monday it would buy wireless services provider Tracfone, a unit of Mexican telecom America Movil, in a US$6.25 billion cash and stock deal.

(Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)

Source: Reuters

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