The Ultimate Guide To Discovering The True Owner Of Tracfone

Who Owns TracFone?

TracFone Wireless, Inc. is a prepaid wireless service provider in the United States. It is a subsidiary of Amrica Mvil, a Mexican telecommunications company.

TracFone was founded in 1996 by John Stanton and F. Ross Johnson. The company was originally based in Miami, Florida, but is now headquartered in Irving, Texas. TracFone offers a variety of prepaid wireless plans, including unlimited talk, text, and data plans.

TracFone is one of the largest prepaid wireless service providers in the United States, with over 27 million customers. The company has been praised for its low prices and its commitment to providing affordable wireless service to low-income customers.

In 2021, TracFone was acquired by Amrica Mvil for $6.6 billion. The acquisition was part of Amrica Mvil's strategy to expand its presence in the United States wireless market.

Who Owns TracFone

TracFone Wireless, Inc. is a prepaid wireless service provider in the United States. It is a subsidiary of Amrica Mvil, a Mexican telecommunications company.

• Founder: John Stanton and F. Ross Johnson
• Headquarters: Irving, Texas
• Number of customers: Over 27 million
• Parent company: Amrica Mvil
• Acquisition date: 2021
• Acquisition price: $6.6 billion

These key aspects provide a comprehensive overview of the ownership and history of TracFone. The company was founded in 1996 and has since become one of the largest prepaid wireless service providers in the United States. TracFone is known for its low prices and its commitment to providing affordable wireless service to low-income customers.

1. Founder

John Stanton and F. Ross Johnson are the founders of TracFone Wireless, Inc., a prepaid wireless service provider in the United States. The company was founded in 1996 and is now a subsidiary of America Movil, a Mexican telecommunications company.

• Entrepreneurial Vision: Stanton and Johnson recognized the need for affordable wireless service in the United States, particularly among low-income customers. Their vision for TracFone was to provide high-quality wireless service at a price that everyone could afford.
• Industry Expertise: Stanton and Johnson had extensive experience in the telecommunications industry prior to founding TracFone. Stanton was the former CEO of Cellular One, and Johnson was the former CEO of McCaw Cellular. Their knowledge and expertise were instrumental in the success of TracFone.
• Commitment to Customer Service: Stanton and Johnson believed that customer service was paramount to the success of TracFone. They implemented a number of customer-centric policies, such as a no-contract policy and a money-back guarantee. This commitment to customer service has helped TracFone to build a loyal customer base.
• Philanthropy: Stanton and Johnson are both active philanthropists. They have donated millions of dollars to various charitable causes, including education, healthcare, and the arts. Their philanthropy reflects their commitment to giving back to the community.

John Stanton and F. Ross Johnson are two of the most successful entrepreneurs in the telecommunications industry. Their vision, expertise, and commitment to customer service have made TracFone one of the largest prepaid wireless service providers in the United States.

2. Headquarters

TracFone Wireless, Inc. is headquartered in Irving, Texas. The company's headquarters is located at 9777 N. Central Expressway, Suite 1500, Irving, TX 75063. TracFone has been headquartered in Irving since 2006.

The location of TracFone's headquarters in Irving is significant for several reasons.

• Central location: Irving is centrally located in the Dallas-Fort Worth metroplex, which is a major hub for telecommunications and technology companies. This location provides TracFone with access to a large pool of skilled workers and resources.
• Proximity to customers: Irving is located in a densely populated area with a large number of TracFone customers. This proximity to customers allows TracFone to better understand the needs of its customers and to provide them with the best possible service.
• Favorable business climate: Irving has a favorable business climate for telecommunications companies. The city offers a number of incentives to businesses, including tax breaks and workforce development programs.

The location of TracFone's headquarters in Irving has been a key factor in the company's success. The central location, proximity to customers, and favorable business climate have all contributed to TracFone's growth and profitability.

3. Number of customers

The number of customers that a company has is a key indicator of its success. TracFone Wireless, Inc. has over 27 million customers, which makes it one of the largest prepaid wireless service providers in the United States. This large customer base is a major asset for TracFone and contributes to its success in the following ways:

• Increased revenue: More customers means more revenue for TracFone. The company can generate revenue from a variety of sources, including monthly service fees, data charges, and sales of devices.
• Greater market share: A large customer base gives TracFone a greater market share in the prepaid wireless market. This market share can be used to negotiate better deals with suppliers and partners.
• Improved brand recognition: A large customer base helps to improve TracFone's brand recognition. This recognition can lead to more customers choosing TracFone over its competitors.
• Increased economies of scale: A larger customer base allows TracFone to achieve economies of scale. This means that the company can reduce its costs per customer, which can lead to lower prices for customers.

The number of customers that a company has is a key factor in its success. TracFone's large customer base is a major asset for the company and contributes to its success in a number of ways.

4. Parent company

Amrica Mvil is the parent company of TracFone Wireless, Inc. This means that Amrica Mvil owns TracFone and has control over its operations. Amrica Mvil is a Mexican telecommunications company that is one of the largest wireless carriers in the world. The company has over 270 million customers in 18 countries.

Amrica Mvil's acquisition of TracFone in 2021 was a major development in the prepaid wireless market. The acquisition gave Amrica Mvil a significant presence in the United States, which is the world's largest wireless market. It also gave TracFone access to Amrica Mvil's vast resources and expertise.

The connection between Amrica Mvil and TracFone is important for several reasons. First, it gives TracFone the financial stability and resources of a large parent company. This allows TracFone to invest in new technologies and expand its services. Second, it gives TracFone access to Amrica Mvil's network of customers and partners. This can help TracFone to grow its customer base and improve its profitability.

The connection between Amrica Mvil and TracFone is a win-win for both companies. Amrica Mvil gets a foothold in the US market, and TracFone gets the resources and support it needs to continue growing its business.

5. Acquisition date

The acquisition of TracFone by Amrica Mvil in 2021 is a significant event in the history of the company. This acquisition has had a major impact on who owns TracFone and the direction of the company.

• Change in ownership: Prior to the acquisition, TracFone was a publicly traded company. However, following the acquisition, TracFone became a wholly owned subsidiary of Amrica Mvil. This means that Amrica Mvil now owns 100% of TracFone's shares.
• Increased resources: Amrica Mvil is a much larger company than TracFone. As a result, TracFone now has access to Amrica Mvil's vast resources. This includes financial resources, as well as access to Amrica Mvil's network and customer base.
• Strategic shift: The acquisition of TracFone is part of Amrica Mvil's strategy to expand its presence in the United States. TracFone is a major player in the prepaid wireless market, and this acquisition gives Amrica Mvil a significant foothold in this market.
• Improved customer service: Amrica Mvil has a strong commitment to customer service. As a result, TracFone customers can now expect to receive improved customer service from the company.

The acquisition of TracFone by Amrica Mvil is a major development that has had a significant impact on the company. This acquisition has changed the ownership of TracFone, increased the company's resources, and shifted its strategic direction. It is likely that these changes will continue to have a major impact on TracFone in the years to come.

6. Acquisition price

The acquisition of TracFone by Amrica Mvil in 2021 for $6.6 billion is a significant event in the history of the company. This acquisition has had a major impact on who owns TracFone and the direction of the company.

Prior to the acquisition, TracFone was a publicly traded company. This means that the company's shares were owned by a variety of investors, including individuals, institutions, and investment funds. However, following the acquisition, TracFone became a wholly owned subsidiary of Amrica Mvil. This means that Amrica Mvil now owns 100% of TracFone's shares.

The acquisition of TracFone is part of Amrica Mvil's strategy to expand its presence in the United States. TracFone is a major player in the prepaid wireless market, and this acquisition gives Amrica Mvil a significant foothold in this market. Amrica Mvil is a much larger company than TracFone, with greater financial resources and a larger customer base. This means that TracFone now has access to Amrica Mvil's resources and expertise, which can help the company to grow its business and improve its profitability.

The acquisition of TracFone by Amrica Mvil is a major development that has had a significant impact on the company. This acquisition has changed the ownership of TracFone, increased the company's resources, and shifted its strategic direction. It is likely that these changes will continue to have a major impact on TracFone in the years to come.

Who Owns TracFone? - FAQs

This section provides answers to frequently asked questions about the ownership of TracFone Wireless, Inc.

Question 1: Who owns TracFone?

TracFone Wireless, Inc. is a wholly owned subsidiary of Amrica Mvil, a Mexican telecommunications company.

Question 2: When did Amrica Mvil acquire TracFone?

Amrica Mvil acquired TracFone in 2021.

Question 3: How much did Amrica Mvil pay for TracFone?

Amrica Mvil paid $6.6 billion for TracFone.

Question 4: Why did Amrica Mvil acquire TracFone?

Amrica Mvil acquired TracFone as part of its strategy to expand its presence in the United States wireless market.

Question 5: What impact has the acquisition had on TracFone?

The acquisition has given TracFone access to Amrica Mvil's vast resources and expertise. This has helped TracFone to grow its business and improve its profitability.

These FAQs provide a comprehensive overview of the ownership of TracFone Wireless, Inc.

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Conclusion

TracFone Wireless, Inc. is a prepaid wireless service provider in the United States. It is a subsidiary of Amrica Mvil, a Mexican telecommunications company. Amrica Mvil acquired TracFone in 2021 for $6.6 billion. The acquisition has given TracFone access to Amrica Mvil's vast resources and expertise. This has helped TracFone to grow its business and improve its profitability.

TracFone is one of the largest prepaid wireless service providers in the United States, with over 27 million customers. The company is known for its low prices and its commitment to providing affordable wireless service to low-income customers. The acquisition by Amrica Mvil is a major development in the prepaid wireless market and is likely to have a significant impact on the industry in the years to come.