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Verizon Airfone will exit the in-flight phone business by the end of the year, a company spokesman confirmed Friday. Airfone's parent company, Verizon Communications, plans to focus its efforts more on its core business, said Jim Pilcher, a spokesman for Verizon Airfone.

Verizon, the second-largest phone company in the U.S., is in the midst of a multibillion-dollar upgrade to its network to compete better with cable. Verizon's new Fios network extends fiber-optic cable directly to homes. Using these new fiber connections, Verizon plans to offer high-speed Internet access, phone service and television. click here to read more...