This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tracfone Wireless, Inc. Assumes Control Of Simple Mobile

MIAMI, June 19, 2012 /PRNewswire/ -- TracFone Wireless, Inc., America's Number 1 no-contract cell phone provider, announced that, effective Monday, it completed its purchase of Simple Mobile, one of T-Mobile's largest mobile virtual network operators (MVNOs) in the United States.

TracFone will continue to provide service to over one million customers of Simple Mobile, offering such services as a $40 Unlimited Everything SIM-only program.   

The step further consolidates TracFone's leadership position in the SIM-only space.  TracFone currently offers a "Bring Your Own Phone" SIM card option for its Straight Talk® and NET10® services. 

The Simple Mobile acquisition also provides TracFone with several firsts, including a 4G offer, Mobile Broadband, and also Blackberry service.

On May 10, 2012, America Movil S.A.B. de C.V. announced that it had signed an agreement to purchase 100 percent of the operations of Simple Mobile.

TracFone Wireless, Inc. is a subsidiary of America Movil S.A.B. de C.V. ("AMX") (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), AMX is the leading provider of wireless services in Latin America. As of March 31, 2012, it had 246 million wireless subscribers -- more wireless customers than AT&T and Verizon combined -- and 59.7 million fixed revenue generating units in the Americas.

SOURCE Tracfone Wireless, Inc. and America Movil S.A.B. de C.V.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs