TMCnet News
TracFone Wireless to acquire assets of Star Wireless GroupMay 21, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- TracFone Wireless, Inc., a cellular service provider, has entered into an agreement to acquire substantially all the assets of Star Wireless Group, Inc., a mobile virtual network operator (MVNO). Both the companies are based in the US. The completion of the transaction is subject to certain regulatory approvals and conditions customary in this type of transactions and is expected to occur during the second quarter of 2013. Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2013-05-20 Deal Participants Target (Company) Star Wireless Group, Inc. - Assets - US Acquirer (Company) Tracfone Wireless, Inc. Vendor (Company) Star Wireless Group, Inc. |
