TracFone Company Description
With more than 6 million active subscribers, TracFone Wireless is the leading independent provider of nationwide prepaid wireless telecommunications services. The TracFone Wireless product is a pay-as-you-go, off-the-shelf mobile phone and prepaid airtime that features no annual contracts or activation fees. It is offered nationally through about 70,000 retail outlets, including Wal-Mart and Lowe's, as well as in Puerto Rico and the US Virgin Islands. TracFone Wireless is a 98%-owned subsidiary of América Móvil, Latin America's largest provider of wireless telecommunications.
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The Company Description provides a historical perspective of TracFone's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of TracFone's evolution in the marketplace.
