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Verizon buys Intel unit, preps mobile TV service

Verizon said it is working to create a better television product that can work on customers’ mobile devices.
Verizon said it is working to create a better television product that can work on customers’ mobile devices.Credit: John Minchillo/Associated Press/file 2013

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LOS ANGELES — Someday, the full lineup of channels from Verizon’s FiOS TV service may be available on your phone.

That’s the vision outlined Tuesday after telecommunications giant Verizon Communications Inc. announced that it’s buying Intel Media, a division of Intel Corp. that’s been preparing to launch a service that streams TV channels over the Internet.

Verizon said the acquisition will help it accelerate the development of a next-generation video services based on Internet protocols and reduce the cost of building its own. Currently, Verizon FiOS video subscribers can stream some live channels over mobile devices, but the selection is limited and most channels can’t be viewed outside the home.

Terms of the transaction were not disclosed. Verizon said it would offer jobs to most of the 350 people at Intel Media.

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