CWA Says Verizon Tries to Rush FCC Review of Tracfone Buy
Communications Workers of America slammed Verizon for “pressuring” the FCC to “rush the review” of its proposed buy of Tracfone. “Days after Verizon and TracFone submitted more than 21,000 pages of documents in response to concerns raised about the transaction,…
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the companies asked the FCC to ‘move expeditiously to approve’ the merger,” CWA said Tuesday. “A transaction this important should not be rushed.” Verizon is “encouraging the FCC to act in accordance with the same timeline we’ve been anticipating since the deal was announced last year,” a spokesperson said: The sooner the FCC acts, “the sooner consumers will benefit from it. We have no reason to believe that the approval will or should be delayed.” Also Tuesday, CEO Hans Vestberg said Verizon expects the deal to close before the end of September: “We're going to be the biggest value player in the market.”