Around the Net

Report: Verizon Close To Purchase Of Intel's TV Service

  • Bloomberg, Monday, December 16, 2013 4:02 PM
Verizon Communications is close to a finalizing a deal with Intel Corp. to acquire the latter's OnCue, an Internet based pay-TV startup, according to anonymous sources cited by Bloomberg reporters. "Verizon, the second-largest U.S. communications company, will use OnCue to extend its pay-TV offering beyond the geographic footprint of its FiOS fiber-optic service," bringing  another strong competitor to cable and satellite companies. 

Read the whole story at Bloomberg »

Next story loading loading..