Verizon Reportedly Planning 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.

(Reporting by Sinead Carew and Nick Zieminski; Editing by Gary Hill)

Comments

[filo]

03:27 PM on 03/31/2012

Settle the union contract Verizon!

[mairs]

04:21 PM on 03/30/2012

So what, if everyone is going to bump up against data limits?

[Johnangry]

02:11 PM on 03/30/2012

Go to the following link. Verizon and Comcast are out to get your money.

http://www.change.org/petitions/stop-verizon-wireless-secret-deal-with-cable-companies

And the petroleum companies are making vaseline too expensive. This service will really hurt (I'm gay, I know)

[magellaner]

10:39 PM on 03/30/2012

Great Link ty

[Flight]

12:29 PM on 03/30/2012

Anything involving Comcast and/or Time Warner is NEVER a benefit for the consumer.

[TheAntiOkie]

02:33 PM on 03/30/2012

Can you name a company that does benefit it's customers in this area of business?

Personally, I can not.

[Organic-Guy]

10:22 AM on 03/30/2012

The only new thing I want from Verizon or maybe two things is, better rates. They're extremely expensive and I want them to stop giving money to the right wing in this country and organizations like ALEC.

[Larry Fierman]

01:15 PM on 03/30/2012

Fios TV has better rates then Comcast fo sure. Or are you talking about Verizon Wireless?

[magellaner]

10:41 PM on 03/30/2012

Fios,wireless are the same people