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Verizon Completes Its Takeover of TracFone Wi-fi

Verizon Completes Its Takeover of TracFone Wi-fi

Verizon Communications Inc. on Tuesday closed its $6.25 billion buy of pay as you go cellular-service supplier TracFone Wi-fi Inc., cementing its lead in a market break up amongst three main mobile-phone networks.

The cellphone service sealed the deal after the Federal Communications Fee on Monday revealed an order approving the transaction, topic to sure circumstances.

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