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Verizon Abandons Video Bundles in Bid to Stem Cord Cutting

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Verizon Communications Inc. said its Fios video and internet service would abandon the cable-industry tradition of locking customers into long-term bundled packages, the latest effort to contend with the rise of cord cutting.

The new model, called Mix & Match, lets consumers choose among a variety of video-channel packages and internet-router speeds without signing an annual contract. Verizon also plans to roll various fees and surcharges into the base price of its packages, to clarify what subscribers are really paying.