Verizon closes in on Intel TV

Verizon Communications is nearing an agreement to purchase Intel’s Internet-based pay-TV startup. The deal could be confirmed as soon as this week according to reports.

Intel, which developed the OnCue service, took the decision earlier this year to seek a buyer rather than invest in the programming and bring it to market on its own.

Verizon, the second-largest US communications company, will use OnCue to extend its pay-TV offering beyond the geographic footprint of its FiOS fiber-optic service.

OnCue is designed to provide pay-TV programming over any high-speed Internet connection, making it a threat to US cable-TV services that deliver shows over dedicated lines restricted by territory. Intel’s system includes servers, STBs and applications that can stream content to televisions, phones and tablets.

Posted by on Dec 16 2013. Filed under Articles, Business, IPTV, M&A, Pay TV.

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