Verizon / Tracfone must:
- Participate in California Lifeline for 20 years after the deal is closed.
- Sign-up at least 200,000 subscribers to the program by 31 December 2025.
- Offer users devices including 5G phones at no extra cost after a year of operation.
The CPUC also requires details on the tariffs and advertising of the program – and it mandated a smooth migration of Tracfone customers to Verizon’s network within two years of the deal closing. It also detailed plans to establish a reporting process to ensure compliance, with penalties if requirements are not met.
The acquisition gained US Department of Justice clearance, but still awaits word from the FCC.
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One comment on “CPUC Approves Verizon/Trac Merger”
[…] we mentioned yesterday, the CPUC has approved the Verizon/Tracfone merger, and today word comes down that FCC Chair […]