Verizon Adds Connected Car Services to Portfolio
Along with the connected home, the connected car as introduced here, is set to become another growth area for the automotive, electronics and telecommunications sector. Therefore, it is no surprise that Verizon has acquired Hughes Telematics, a specialist in developing connected services for the automotive industry. For a sum of $612 million, Verizon adds Hughes connected car services to its Verizon Enterprise Solutions group.