Verizon Agrees to Buy Intel's Video Business
Verizon Communications, the parent company of Verizon Wireless, today announced that it has agreed to purchase Intel's cloud TV platform, called OnCue. In addition to gaining rights to the technology, Verizon will also offer jobs to about 350 Intel employees based in California. Terms of the deal were not disclosed, and it will require regulatory approval. The sale is expected to close during the first quarter of the year. Verizon believes the purchase will help it prepare next-generation video services faster. "We will have the opportunity to enhance, expand, accelerate and integrate our delivery of video products and services to better serve audiences on a wide array of devices," said Verizon CEO Lowell McAdam. Though the deal will initially help Verizon's FiOS-based television service, it will eventually also be integrated with Verizon's 4G LTE network.
Verizon Zero-Rates Its Fios Mobile Video App
Mar 9, 2017
Verizon Wireless today said the company's Fios home internet and television customers can stream an unlimited amount of live and recorded shows over LTE without impacting their monthly data allotment. Specifically, Fios customers can use the Fios Mobile app on their smartphones and tablets to watch 140 channels of live television, movies, and stored DVR content.
Verizon CEO McAdam to Retire, Will Be Replaced by Vestberg
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
Verizon Brings DVR Streaming to FiOS App
Dec 14, 2015
Verizon today said some customers can now stream the content from their DVR to their phone, tablet, or PC no matter where they are. The new feature is available to customers who subscribe to Verizon's FiOS Quantum TV and FiOS Internet service.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Apr 19, 2016
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
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