Verizon makes changes to privacy policy, makes you opt-out | Android and Me:
Though it’s not a new concept that companies can access and store your device’s location information (Google does it too), what really rubs me the wrong way about this announcement is that users are opted-in by default, and you’ll have to opt-out if you don’t want Verizon to have access to this information.
The link to opt-out is at the bottom of the article.