TracFone Wireless or TracFone is a prepaid mobile phone provider and is a subsidiary of Mexican América Móvil, it provides service in the United States, Puerto Rico and the United States Virgin Islands.
TracFone was established in 1996 as Topp Telecom Inc., a prepaid cell phone company, in Miami, Florida. In February 1999, Topp received a major infusion of capital from Teléfonos de México (NYSE: TMX), Mexico's largest telephone company. TelMex pa...
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TracFone Wireless or TracFone is a prepaid mobile phone provider and is a subsidiary of Mexican América Móvil, it provides service in the United States, Puerto Rico and the United States Virgin Islands.
TracFone was established in 1996 as Topp Telecom Inc., a prepaid cell phone company, in Miami, Florida. In February 1999, Topp received a major infusion of capital from Teléfonos de México (NYSE: TMX), Mexico's largest telephone company. TelMex paid $57.5 million for a 55 percent controlling interest in the company.
In 2000, Telmex spun off their mobile unit, creating América Móvil, of which Topp Telecom became a subsidiary. In November 2000, Topp Telecom Inc. changed its name to TracFone Wireless Inc.
TracFone provides four brands of service: TracFone, NET10, Safelink Wireless, and Straight Talk. These brands differ not only in their logos and prepaid minute rates but their underlying networks:
TracFone service is limited to TracFone-branded handsets (all TracFone handsets are pre...
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