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The Rise Of The $5 Landline Phone

With cellular growth slowing and landline business shrinking Verizon (VZ) has come up with a novel idea — $5 a month landline service. According to The Wall Street Journal, "Verizon believes the plan could help slow the rate of landline customers cutting the cord, so to speak. The company lost 3.7 million access lines, or 9.3% of its base, in 2008." The phone will take incoming calls and limited calls out. People will have to pay for additional telephoning at a modest price. Of course, smart people may use their cell to call out and take calls on their landline.

Full Story: http://www.time.com/time/business/article/0,8599,1879859,00.html

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