Regulatory Update: TracFone Wireless, Inc. and Verizon Communications, Inc. Transfer Control Approval Proceedings

Strategic Insights -

In a significant regulatory move, the California Public Utilities Commission has initiated proceedings to review the joint application of TracFone Wireless, Inc., America Movil, S.A.B. de C.V., and Verizon Communications, Inc. for approval of the transfer of control over TracFone Wireless, Inc. The commission has issued a certificate of service for the parties involved in the proceeding, which includes various stakeholders, including advocacy groups, research institutions, and industry representatives.

Key Takeaways:

  • The California Public Utilities Commission has initiated proceedings to review the joint application of TracFone Wireless, Inc., America Movil, S.A.B. de C.V., and Verizon Communications, Inc. for approval of the transfer of control over TracFone Wireless, Inc.
  • The application was filed on November 5, 2020, and seeks approval for the transfer of control, which includes the sale of TracFone Wireless, Inc. to Verizon Communications, Inc.
  • The proceeding involves various stakeholders, including advocacy groups, research institutions, and industry representatives, with 31 parties listed on the service list.
  • The commission has certified the service list with various email addresses and U.S. mail addresses for the parties involved.
  • The proceeding is related to the transfer of control over TracFone Wireless, Inc., which is a significant development in the telecommunications industry.

Statistics:

  • The joint application was filed on November 5, 2020.
  • The service list includes 31 parties, including advocacy groups, research institutions, and industry representatives.
  • The commission has certified the service list with various email addresses and U.S. mail addresses for the parties involved.
  • The proceeding is a significant development in the telecommunications industry, with far-reaching implications for the company and its stakeholders.

Sources:

  • "In the Matter of the Joint Application of TracFone Wireless, Inc. (U4321C), America Movil, S.A.B. de C.V. and Verizon Communications, Inc. for Approval of Transfer of Control over Tracfone Wireless, Inc. A.20-11-001"
  • "California Public Utilities Commission Service Lists - A2011001" (https://ia.cpuc.ca.gov/servicelists/A2011001_88486.htm)