Dec 9, 2011

Verizon ends deal with satellite

by

VZ
It looks like the telecom giant will be ending it’s partnerships with Direct TV and also stopping it’s build out of FiOS TV and internet for the next few years. This is happening because Verizon is looking to make partnerships with cable providers to cross-market phone, video, Internet and cellular services. This was all announced by the CEO Lowell McAdam. McAdam insisted that Verizon will rigorously promote its FiOS video and Internet service in areas that compete with cable, the company said it doesn’t have plans to expand the expensive fiber network beyond what’s already been announced and scheduled for buildout over the next couple years. So it will be really interesting to see what will happen.


Categories: News


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