California greenlights Verizon’s TracFone acquisition

California’s Public Utilities Commission has approved Verizon’s plan to acquire TracFone, but with a few strings attached.
In September 2020 Verizon announced that it had reached the agreement to buy TracFone, the pre-paid subsidiary of the Mexico-based operator América Móvil in a deal that could be worth nearly $7 billion.
The proposed acquisition has received considerable pushback. In February this year, a group of 17 Attorneys General demanded that FCC should scrutin