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Actionable news in VZ: VERIZON COMMUNICATIONS,

Verizon Is Going All In on the Internet of Things

Verizon (VZ - Get Report) has reported that its Internet of Things-related revenues have already topped $500 million for the year, and the company is making plans to take an even bigger bite out of the web-connected device market.

While the smartphone market is getting more saturated, IoT is an area with apparently enormous potential to provide revenue growth. IN that vein, Verizon has said that in the first quarter of 2016, it will launch a new, cheaper service to connect devices to the Internet -- items like smoke detectors, thermostats and even factory pumps.

The company has also introduced a new...


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