"Th letter added, "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. Strengthening and growing TracFone will benefit value-conscious consumers. "Tracfone, which serves about 21 million subscribers through more than 90,000 retail locations across the United States, said last year more than 13 million of its subscribers rely on Verizon's network under an existing agreement. Verizon is the largest U.S. wireless carrier by subscribers. "We urge the FCC to put the interest of the American consumer before that of big business and request additional information before allowing this acquisition to happen," said Michigan Attorney General Dana Nessel.

Source: Economic Times February 06, 2021 02:43 UTC