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SAN FRANCISCO (Reuters) - Web search leader Google Inc.'s (GOOG.O: Quote, Profile, Research) chief executive, Eric Schmidt, sees a future where mobile phones are free to consumers who accept watching targeted forms of advertising.
Schmidt said on Saturday that as mobile phones become more like handheld computers and consumers spend as much as eight to 10 hours a day talking, texting and using the Web on these devices, advertising becomes a viable form of subsidy.
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