Verizon plans wireless video service: WSJ
NEW YORK (Reuters) - Verizon Communications Inc is aiming to offer an integrated video service for its wireless customers, its FiOS customers and its cable partners as soon as this holiday season, according to a Wall Street Journal report citing the telephone company's chief executive.
"Technically, I think we could have something out that would be the beginnings of an integrated offering in time for the holidays," said CEO Lowell McAdam, according to the Journal.
Verizon is ramping up talks with television programmers to prepare for the service even as Verizon is still looking for U.S. government approval for its agreement with the cable operators, the report said.
Verizon is looking to buy spectrum for about $3.9 billion from cable operators including Comcast Corp and Time Warner Cable. As part of the deal, the cable companies also set up reseller agreements with Verizon and the companies are looking to form a joint venture.
A Verizon spokesman did not return requests for comment.
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Suspect in Pennsylvania police ambush captured after seven-week manhunt |
- Global shares jump, yen slumps as BOJ cranks up stimulus |
- Special Report: Tsunami evacuees caught in $30 billion Japan money trap
- Russia may resume gas supply next week if Ukraine pays $2.2 billion: Gazprom