Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

VERIZON COMMUNICATIONS

(VZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Verizon Communications : to Buy Wireless Reseller TracFone for $6.25 Billion

09/14/2020 | 08:29am EDT

By Drew FitzGerald

Verizon Communications Inc. said it has agreed to buy wireless reseller TracFone for about $6.25 billion in cash and stock, bringing the country's largest reseller of cellphone services under the wing of the country's biggest wireless provider.

TracFone, a unit of Mexico's América Móvil SAB, operates in the U.S. under its namesake brand as well as StraightTalk and Net10. The company doesn't run its own physical network in the U.S. and instead rides on other cellphone carriers' systems for a fee.

About 13 million of TracFone's 21 millions subscribers already use Verizon's network through an existing agreement.

Verizon said the deal will include about $3.125 billion of cash and $3.125 billion in Verizon shares. TracFone could get an additional $650 million cash payment tied to some performance measures and other commercial arrangements.

Write to Drew FitzGerald at andrew.fitzgerald@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 2.01% 16.24 End-of-day quote.12.08%
VERIZON COMMUNICATIONS -0.02% 57.33 Delayed Quote.-2.40%
All news about VERIZON COMMUNICATIONS
06/10Verizon turns on commercial private 5G in U.S
RE
06/09BANKS TO COMPANIES : No More Deposits, Please
DJ
06/08Why the Hybrid Workplace Is a Cybersecurity Nightmare -- Journal Report
DJ
06/08Samsung bets on Europe 5G orders to grow network equipment business
RE
06/07GLOBAL MARKETS LIVE : Toshiba, Facebook, AT&T, Tesla, Blackstone...
06/05AT&T, Verizon Push Free iPhones for Long-Term Customers
DJ
06/04VERIZON COMMUNICATIONS INC.á : Report
CO
06/03Dual-Listed Lightspeed Lightspeed Announces Resignation of Board Member Manon..
MT
06/03VERIZON COMMUNICATIONSá : named 2021 Equinix Social Impact and Trailblazer Award..
PU
06/03VERIZON COMMUNICATIONSá : Manon Brouillette named Chief Operating Officer and De..
AQ
More news
Financials (USD)
Sales 2021 134 B - -
Net income 2021 20 823 M - -
Net Debt 2021 146 B - -
P/E ratio 2021 11,4x
Yield 2021 4,42%
Capitalization 237 B 237 B -
EV / Sales 2021 2,87x
EV / Sales 2022 2,76x
Nbr of Employees 132 200
Free-Float 96,5%
Chart VERIZON COMMUNICATIONS
Duration : Period :
Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | MarketScreener
Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 60,55 $
Last Close Price 57,33 $
Spread / Highest target 15,1%
Spread / Average Target 5,61%
Spread / Lowest Target -9,30%
EPS Revisions
Managers and Directors
NameTitle
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
VERIZON COMMUNICATIONS-2.40%237 350
CHARTER COMMUNICATIONS, INC.3.81%129 565
CHINA MOBILE LIMITED9.95%128 228
DEUTSCHE TELEKOM AG18.98%102 099
NIPPON TELEGRAPH AND TELEPHONE CORPORATION10.13%96 130
SAUDI TELECOM COMPANY27.36%71 565