The logo of Verizon is seen at a retail store in San Diego, California April 21, 2016. REUTERS/Mike Blake/File Photo
NEW YORK: Verizon Communications Inc's recent purchases of two vehicle tracking firms could spark more deals as the No 1 wireless provider and rival AT&T see fleet management as a source of growth, analysts said.
Faced with a saturated wireless market, several telecom companies are looking beyond their main phone business for ways to extract more value from existing networks. Just last month, Verizon bought Yahoo for US$4.8bil (RM19.14bil), diving into digital media and advertising.
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