TracFone Snaps Up Simple Mobile
Prepaid MVNO TracFone today announced an agreement to acquire SIM-only prepaid MVNO Simple Mobile. Simple Mobile operates a SIM-card-only service where customers bring their own GSM phones. Simple uses T-Mobile USA's network. TracFone is also an MVNO, using a mix of other national carrier's networks. TracFone is owned by America Movil, which has operations across the Americas. The deal is expected to close in the second quarter. The purchase price and other terms were not disclosed.
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Verizon has reached an agreement to buy TracFone, the country's leading prepaid mobile provider and largest reseller of wireless services. TracFone operates a family of value-oriented brands that includes StraightTalk, Net10, Simple Mobile, Total Wireless, PagePlus, Walmart Family Mobile, SafeLink, and ClearWay.
Sucks for Simple customers! Hello 2GB data cap!!
its about time!