Geotab Announces the Acquisition of the Commercial Operations of Verizon Communication’s (VZ) Connect Telematics Business

Group 1 - Verizon Communications Inc. is recognized as one of the best and cheap stocks to buy currently [1] - Geotab announced the acquisition of Verizon's Connect telematics business operations in several countries, including the UK, Ireland, Italy, France, Germany, the Netherlands, Poland, Portugal, and Australia [1][2] - The acquisition does not include Verizon's Connect products, engineering, and non-sales-focused teams, allowing Geotab to strengthen its position in key international markets [2] - Over 400 Verizon Connect employees in Europe and Australia will transition to Geotab as part of the acquisition, ensuring a smooth transition for Verizon Connect customers in these regions [3] Group 2 - Verizon Communications Inc. operates as a holding company providing communications and technology services through its subsidiaries [3]