Stand up for nonprofit news & help us reach our $150k stretch goal! GIVE NOW

Verizon is buying prepaid carrier TracFone, lured by resale market

Sep 14, 2020
Verizon will pay up to $7 billion in cash and stock, angling for a piece of the pre-paid phone plan market, which keeps growing in the pandemic.
Verizon is angling for a piece of the pre-paid phone plan market, which continues to grow during the pandemic.
Scott Olson/Getty Images