Who Owns Tracfone Company. Slim owns TracFone based in Miami which recently took over Irvine-based Simple Mobile another prepaid cell provider. Cellular depending on the phone model.
Verizon has agreed in principle with Tracfone and is expected to be fully approved next year in 2021. Provides mobile phone services. The Company offers telephone voice data text messaging and roaming services.
Verizon Communications announced on Monday that it would buy América Móvils wireless service TracFone in a 625 billion cash and stock deal.
Article continues below advertisement Verizon agreed to acquire TracFone but some consumer groups have raised concerns. What it Could Mean for the Wireless Industry. In September 2020 Verizon announced that it entered into an agreement with America Movil to acquire TracFone Wireless Inc the leading pre-paid and value mobile provider in the US serving approximately 21 million subscribers through a network of over 90000 retail locations nationwide at the time of the announcement. Verizon says it expects this deal to be completed in.
