GlobeNewswire Inc | Nov 22, 2021 03:47PM EST

November 22, 2021

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- The following statement is from Kathy Grillo, Verizon SVP & DGC, public policy and government affairs:

Verizon welcomes the FCCs approval today of our TracFone acquisition. The deal will provide customers with the best of both worlds: more choices, better services and new features thanks to Verizons investment and innovation. Customers will benefit with enhancements in devices, network performance and innovative products and services -- as well as a continued commitment to Lifeline.

We thank Chairwoman Rosenworcel, the Commissioners, and the FCC staff for their leadership and commitment to the public interest.

We also want to thank the commissioners, ALJ and staff of the California Public Utilities Commission, as well as many community-based organizations that expressed support for this transaction.

We will work hard to serve TracFones current customers and look forward to serving new ones in this dynamic and fast-growing marketplace.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the worlds leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers demand for mobility, reliable network connectivity, security and control.

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Media contact: Rich Young202.515.2514richard.j.young@verizon.com