Verizon Bets on Connected Car – WSJ.com

Verizon Communications Inc.

Verizon Bets on Connected Car - WSJ.com

agreed to buy Hughes Telematics Inc., a provider of wireless-enabled services to cars, for $612 million in cash as the telecom heavyweight aims to broaden the way people use its network.Atlanta-based Hughes provides auto-based technology and services such as online media, remote vehicle diagnostics and even medical-related services. For Verizon, the deal, expected to close in the third quarter, comes as the carrier will likely expand its data plans to cover more products.

via Verizon Bets on Connected Car – WSJ.com.

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