Will Verizon Bet on Wireless TV?
Verizon (NYSE:VZ) CEO Lowell C. McAdam is looking to attain SpectrumCo AWS licenses to branch out to TV. Verizon is looking to strike deals with cable operators to integrate TV into mobile devices for pay-TV customers by the holidays.
This service would be video on-demand, operating differently that the current TV services streaming video to tablets, PCs and phones through home’s WiFi network. Verizon will have to jump through a lot of hoops before a arrangement of this caliber is approved by the FCC and DOJ.
According to Mcadam, the FCC and DOJ will have to complete the proposed $3.9 billion purchase before Verizon could negotiate rights for outside the home streaming and programming bundles.
The plan could incorporate Redbox (NASDAQ:CSTR) play or NowTV-style elements. Billing will most likely be based on consumption, so for those looking to rip through movies on mobile devices, you might just want opt to watch movies on your home’s WiFi network.
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