Intel broadcast TV direction in the hands Verizon

The company Verizon Communications and Intel today announced an agreement to purchase Verizon assets Intel Media, business-units of Corporation of Intel, which develops products and services Cloud TV. According to Intel, this deal will accelerate the development of a new generation video services offered in frameworks of fiber-optic networks Verizon and technology OTT (Over the Top). Terms of the deal have not been disclosed.
Intel broadcast TV direction in the hands Verizon
Intel Verizon to acquire intellectual property and other assets associated with the platform Intel OnCue Cloud TV. In addition, Verizon will send suggestions about 350 employees of Intel. The office will continue to be located in Santa Clara. Management will remain unchanged. The transaction is subject to approval by the Supervisory bodies of the USA. It is expected that it will be concluded at the beginning of the first quarter of 2014. After its completion, Verizon plans to integrate TV services based on IP in fiber optic services in order to differentiate them from the suppliers ‘ offers traditional cable television and reduce the cost of accommodation. It is assumed that users will have more benefits implemented in the Verizon Wireless network 4G LTE. This deal will also allow Verizon to take advantage of experience and high qualification of specialists in order to continue the expansion of the volume of the video, including (in the future) mobile deals.

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