The telecommunications company Verizon has been in the news lately because they acquired the wireless carrier Straight Talk. But does Verizon own Straight Talk? The answer is yes. While it’s true that the two companies are under the same umbrella, they do function separately and have separate customer bases. However, because they operate under the same umbrella, they share technology and services to save costs, which ultimately benefits you as a consumer in your quest to find the best cell phone service. Here’s everything you need to know about how Verizon owns Straight Talk and what it means for your service experience!
What is Verizon?
Verizon is a well-known American telecommunications company that provides high-speed internet and TV services. The company was founded in 1983 as Bell Atlantic, which served as one of two main companies (with NYNEX) in which all of AT&T’s local telephone operations were consolidated. In 2000, Bell Atlantic merged with GTE to form Verizon Communications, Inc., currently valued at over USD 195 billion.
Based in New York City, Verizon has a long and broad history in telecommunication. Since its establishment as Bell Atlantic, it has acquired several different companies, such as MCI Communications (MCIP) in 2006 for USD 8.5 billion and Alltel Corp. in 2009 for USD 28 billion.
What services does Verizon provide?
Over Verizon’s 5G Ultra wideband broadband networks, Verizon offers mobile Broadband Internet Access Services for smartphones, basic phones, tablets, netbooks, USB or fixed modems, mobile hotspots, smartwatches, linked cars, and other wireless devices.
Does Verizon own straight talk?
Most people nowadays don’t realize that straight talk is a subsidiary of Verizon, thus making it one of Verizon’s brands. Straight talk has been offering prepaid cell phone plans for quite some time now and they always offer great deals to keep them competitive with other prepaid plans available on today’s market. This should put your mind at ease that you are getting service from Verizon itself and not a fly-by-night company.
The reason why Straight Talk can offer their services at such a low price is that they are owned by Verizon. As part of a corporate deal, Verizon owns 50% of straight talk and allows them to use their network for selling these plans to customers.
How are they related to Verizon?
The company is a subsidiary of TracFone Wireless. It operates under licenses granted by several major carriers in each country, including T-Mobile, AT&T, and Telus in Canada. In addition to cell phones for their customers, Straight Talk also sells other electronics such as tablets and hotspots. Their plan lineup includes options with unlimited data, nationwide coverage, and no contract.
Advantages of combining Verizon with Straight Talk
If you’re looking for an affordable cell phone plan, it’s hard to beat Straight Talk. Here are the advantages of the fusion of Verizon and straight talk.
- Straight Talk announces a new low-cost prepaid package.
- Because Straight Talk uses Verizon technology and services, they provide high-quality service.
- A new free prepaid plan with unlimited data, talk, and text has been launched.
If you’re looking for a good way to save money on your cell phone bill every month, Straight Talk is worth a try. And it’s not all that complicated. Sign up online and choose how many minutes, texts, and data you want each month.
Conclusion
It’s been over a decade since two of America’s largest telecom companies, Verizon and Sprint Nextel (the parent company of what is now called Boost Mobile), joined forces to form a new mobile virtual network operator (MVNO) called TracFone Wireless. Over that time, many have speculated about whether or not any acquisitions have occurred between these three entities to streamline operations and cut costs. Now Verizon owns Straight talk.
FAQ
What other companies does Verizon own?
It might be news to you, but Verizon is a Fortune 100 company that owns and operates multiple brands—Verizon Wireless, Oath (formerly Yahoo), and others. What’s more, according to recent reports, they may have plans to acquire another brand soon: T-Mobile.
Which prepaid providers are better than Straight Talk?
One reason Straight Talk is popular is that it uses AT&T’s network, which is considered one of the best in America. However, there are also other good providers you can use if you don’t like Straight Talk—some of them may even be better than straight talk in some areas.
Can you transfer Verizon SIM cards into Straight Talk phones, and vice versa?
It’s always been difficult to answer because neither company will tell us how it works—and we’ve never managed to pull off the process on our own. The short answer is: yes, you can do it, but some catches make it less than ideal. Here’s everything you need to know about moving your SIM between these two carriers.
Should I get Straight Talk if I have Verizon service?
Straight Talk is a prepaid cell phone service that works on all major carriers but is most often used by Verizon customers. The biggest advantage of using Straight Talk with your existing Verizon plan is its affordability. As a prepaid service, you aren’t signed up for any long-term contracts or commitments, meaning your monthly bill won’t increase if you use more minutes than usual one month.
