December 6, 2021

The firm represented América Móvil in the transaction.

On November 23, it was announced that América Móvil completed the sale of TracFone Wireless Inc. to Verizon Communications Inc. The deal, announced in September 2020, is worth approximately $6.25 billion in cash and stock.

TracFone is the leading pre-paid and value mobile provider in the U.S., serving approximately 20 million subscribers through a network of over 90,000 retail locations nationwide. The transaction expands Verizon’s portfolio into the value segment.

América Móvil is the leading provider of integrated telecommunications services in Latin America. The company’s platform offers customers a portfolio of value-added services and communications solutions in 25 countries in Latina America, the U.S. and Central and Eastern Europe.

The Willkie team was led by partner Maria-Leticia Ossa Daza, partner Daniel Alvarez and counsel Mia Hayes, and included associates Brenna Sparks and Sophia Galleher.