The deal marks the end of Verizon's effort to provide a digital media alternative to tech behemoths Google, Facebook, and Amazon.
The addition of TracFone's 21 million subscribers will make Verizon the largest provider of wireless prepaid services in the U.S.
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
“They’re guiding flat EPS year-over-year, at a time when GDP is growing strongly and competitive intensity is so benign. It’s not very inspiring."
After spending $8.9 billion to acquire Yahoo and AOL, the telecom giant is reducing the goodwill value of its media brands to only $200 million.
The assets left over after the the Verizon Communications purchase are now part of a holding company called ‘Altaba.’
With a $3.1 billion offer for the spectrum owner, Verizon "now has all of the pieces in place to quickly accelerate the deployment of 5G."
The deal "will give AT&T a major boost in its effort to build 5G wireless networks using high bandwidth airwaves."
The subscriber growth of rivals T-Mobile and Sprint, which offer unlimited data plans, is creating "a competitive challenge" for Verizon.
The new name reflects Yahoo's transformation from an internet giant to "essentially a vehicle" for holding a 15% stake in Alibaba.
The deal positions the companies to “become a leading provider of fleet and mobile workforce management solutions."
Based on economic considerations, business environment, workforce quality, infrastructure, and risks, many midsize U.S. cities look attractive.
