Reuters reports that attorneys general of 16 U.S. states asked the FCC to investigate Verizon’s $6.3 billion proposed acquisition of TracFone. A unit of America Movil with 21 million subscribers, Tracfone was approached by Verizon in an effort to acquire them in September of 2020.
According to Reuters, the attorney generals issued a letter to the FCC saying the Commissioners “should examine whether the acquisition of TracFone by Verizon could significantly reduce millions of Americans’ access to affordable communications services. It is imperative that the FCC thoroughly vet the proposed transaction and impose specific conditions that protect and ensure the public interest before considering approval.”
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