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Been in contact with Amazon CS, and according to them you can do it.
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From the Amazon CS:
Thank you for your time.
You can opt of out the special offer but your account will be charged $30 (plus tax) for unsubscribing from special offers.
By unsubscribing, you will be charged for the price difference between Kindle and Kindle with Special Offers if your device was originally purchased at a subsidized price.
Amazon is able to offer the Kindle at a subsidized price by delivering Special Offers & Sponsored Screensavers.
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