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Verizon to buy Hughes Telematics for $612M
Verizon Communications Inc. is paying $612 million for a company that provides wireless connectivity to cars and trucks.The New York company said that it is buying Hughes Telematics Inc., which provides hardware and services for Mercedes and Volkswagen cars in the U.S. Verizon Wireless already provides wireless connectivity to General Motors Co.'s OnStar service. Verizon owns 55 percent of Verizon
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