Verizon Communications Inc.
) has entered into a long-term contract with Turner Broadcasting,
a unit of
Time Warner Cable Inc.
) for providing Turner's content to FiOS TV Subscribers. The deal
would provide Verizon's FiOS TV Subscribers access to several
entertainment channels including TBS, TNT and Cartoon Network,
which can be watched through television, PC, tablet and mobile
Per the agreement, FiOS TV customers can avail on-demand
programming and live streaming of all major Turner networks
through instant access with automatic login facility.
Verizon remains committed to improve long-term profitability
in its wireline services through product streamlining and process
simplification initiatives as well as cost management actions. To
support the company's landline products and services, primarily
FiOS Internet and FiOS TV, management is appointing 100 full-time
sales employees for the national customer-retention center. This
unit will manage sales issues as well as extend customer
Further, Verizon is consistently collaborating with media and
cable companies to foster market share gains in different service
categories as well as enter new sectors without seeking merger
and acquisition strategies. The company has tied up with Cox
Communications to offer bundled service packages consisting of
video, phone and Internet in Phoenix and Las Vegas.
The telecom carrier has also extended its multi-year agreement
with National Football League (NFL) for content delivery. The
renewed agreement is expected to extend the ties between the two
entities through the inclusion of live afternoon coverage of
games on Sunday as well as off-season games aired by
) and Fox Sports, a business unit of
Twenty-First Century Fox, Inc.
Verizon currently has a Zacks Rank #2 (Buy).
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