5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Verizon Buying Intel Online Media Service

By Ben Munson | January 21, 2014

Verizon has agreed to acquire from Intel the assets of Intel Media, the company’s online TV service.

Intel hopes this transaction will advance online TV availability by integrating with Verizon’s FiOS fiber service and extending over the top to mobile devices. The financial details of the deal were not disclosed.

Verizon is buying the intellectual property rights and other assets for Intel’s OnCue Cloud TV platform. Verizon plans to employ about all of the 350-person Intel unit, which stay in Santa Clara and keep its current management team.

Verizon’s wish to retain the OnCue team comes as good news at a time when Intel recently announced its intent to cut more than 5,000 jobs in 2014.

A giant chipmaker in the world of personal computers, Intel managed to maintain relatively flat income and revenue in its recently reported fourth quarter even as the PC market continues to sink. Intel has begun to shift its focus away from making chips for PCs and toward manufacturing the smaller chipsets needed for mobile devices, a move that’s negatively impacted the company’s sales.

For Verizon, the carrier gains more momentum for cloud-based TV services. Verizon CEO Lowell McAdam has repeatedly emphasized the important role video will play in next-generation mobile networks. He said that Verizon is thinking about 5G technology in order to keep up with the capacity demands streaming video puts on mobile networks. Verizon, ostensibly the first U.S. nationwide carrier to complete its LTE network buildout, has also become the first carrier to experience issues with handling capacity on its LTE network.

But Verizon has admitted to the network congestion and is looking to flush out its spectrum portfolio with higher-band airwaves to handle the extra traffic. Any network issues haven’t seemed to slow the telecom, as Verizon today managed to beat the Street on both earnings per share and revenue for its fourth quarter.

Regulatory approval and closing conditions pending, the Intel deal is expected to close early in the first quarter of 2014.


Filed Under: Carriers

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

eSIM
eSIM eases changing carriers for phones and IoT
QoE and QoS comparison
Benchmarking in 5G: More important than ever
iPhone 12
I bought a 5G phone, now what?
6G
Key takeaways from 6G Symposium

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World