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That just limits it for apps on your device, Verizon collects and does whatever they want with it regardless of what you tell them to or what settings you pick on your device since they create it first in their servers and then send the data to your phone.

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That's not exactly true. The phone has GPS, which is precise location data, and independent of cellular service.

The carrier only has tower triangulation, which is less accurate but still valuable.

I believe carriers also have access to your GPS location because it’s mandated by law in order for emergency services to locate you.

https://www.vice.com/en/article/j575dg/what-a-gps-data-is-an...

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