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    Verizon to acquire Hughes Telematics

    2012-06-04T22:12:18Z

    Verizon Communications said it will acquire Hughes Telematics in a move designed to boost the US based wireless communications company's capabilities in the automotive and fleet telematics marketplace.Verizon will pay 612 million dlrs for the telematics company.The acquisition will accelerate Verizon's growth in business areas such as machine-to-machine services applications ...