Tracfone Wireless Inc.

• Private
• US

Dow Jones Description

TracFone Wireless Inc. is the largest prepaid cell phone provider in the U.S., and has been the leader in the 10 years since it was founded. TracFone is a subsidiary of America Movil, the fourth largest cell phone company in the world, and the largest in all of the Americas with more than 141 million cell phone subscribers, more than AT&T, Verizon and Sprint. America Movil is traded on the New York Stock Exchange under the symbol AMX, and has been named top technology company by Business Week for the past 2 years (Technology Hot 100). One reason for TracFone's success has been our exclusive focus on prepaid cell phones. Unlike most other prepaid providers in the US (who are also contract providers), we are not interested in converting users to a contract. Prepaid is all we do, so we have to do it better. We believe that cell phone ownership is an important tool for individual success in today's world, and that everyone should have one as a right, without the need for a contract or a high credit rating. People should be able to always know what their cell phone service will cost and nobody should have to pay more than they want or can afford. We believe in making the cost to get a phone as low as possible and we never charge extra fees to activate your service. We also believe that the ongoing cost to maintain service should be as low as possible. Most cell phone users worldwide use prepaid cell phones because they appreciate the convenience of being able to add minutes as...

President & CEO

Number of Employees 500

Contact Information

Peer Companies

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• Verizon Wireless
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