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They can be used only on the verizon network. While Sprint uses the same system as verizon, cdma, neither will activate a phone from the other company - just policy (security concerns????).
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So if you want to change operator, you need to buy a new phone. That sucks. At least simlocking can be undone...
Not "security concern", more like "money concern".
I'll never complain about "locking" in france anymore.