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." This transaction provides us with the capabilities to build a powerful, capitally efficient engine for future growth and innovation. "Verizon already has extensive video content relationships, fixed and wireless delivery networks, and customer relationships in both the home and on mobile. "The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it," Verizon Chairman and CEO Lowell McAdam said in a statement. Verizon said the deal also gives it capabilities to expand its mobile video offerings in the future. For FiOS customers, this should mean improved search and discovery functions, as well as easier cross-screen capabilities. Once the transaction closes, Verizon plans to integrate IP-based TV services with FiOS video. Verizon said it would make employment offers to "substantially all" of the 350-person Intel unit - including its current management team - which will remain in Santa Clara, California. The transaction, expected to close in the first quarter of 2014, is subject to customary regulatory approvals and closing conditions. The telecom firm said the transaction will "accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered 'over the top' to any device." Verizon Communications on Tuesday announced (Opens in a new window) it has struck a deal with Intel to purchase the chip giant's TV business for an undisclosed sum.Īs part of the deal, Verizon will pick up the intellectual property rights and other assets that power Intel's OnCue Cloud TV platform. How to Set Up Two-Factor Authentication.How to Record the Screen on Your Windows PC or Mac.How to Convert YouTube Videos to MP3 Files.How to Save Money on Your Cell Phone Bill. ![]() How to Free Up Space on Your iPhone or iPad.How to Block Robotexts and Spam Messages.
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