Verizon Wireless, the largest wireless company in the U.S. said on Friday that it is doing away the practice of subsidizing new phones in exchange of a two-year service contract.
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Activist investor Jana Partners is asking Qualcomm Inc to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker's sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.
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