With more than 6 million active subscribers, TracFone Wireless is the leading independent provider of nationwide prepaid wireless telecommunications services. The TracFone Wireless product is a pay-as-you-go, off-the-shelf mobile phone and prepaid airtime that features no annual contracts or activation fees. It is offered nationally through about 70,000 retail outlets, including Wal-Mart and Lowe's, as well as in Puerto Rico and the US Virgin Islands. TracFone Wireless is a 98%-owned subsidiary of América Móvil, Latin America's largest provider of wireless telecommunications.