Google voice is a new application of Google that can help to manage your voice communication.This service is announced by Google on its official Google blog,

According to Google,this application improves the way you use your phone. You can get transcripts of your voicemail and archive and search all of the SMS text messages you send and receive. This service has an extra features also like you can also use it for making low-priced international calls.You can also access Goog-411 directory assistance easily.
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