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Verizon To Purchase Intel Oncue Media Assets

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Verizon To Purchase Intel Oncue Media Assets

The United States government is keen on the 28 GHz band for 5G applications, and is pressing ahead with using that band in spite of a decision at last year’s World radiocommunication conferences leaving that band out of International Telecommunications Union considerations, for now. Intel stated that it is “removing volumetric video from Intel’s roadmap to focus on advancing innovative technologies that better support our core businesses and IDM 2.0 strategy. Our main priority is to ensure a smooth transition for potential acquirers, employees, customers, and partners.”.” “The proposed STA operations will advance an understanding of the characteristics of millimeter wave spectrum , channel bandwidths, and uplink/downlink ratios for residential and commercial deployments,” the filing says. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close early in the first quarter of 2014. Most of its interest seems to be in the propagation characteristics of 5G kit in the band, since the filing says “The devices to be tested will employ directional, beamforming antennas, and their orientation in the horizontal and vertical planes will vary”.

intel verizon

The current Latin American leadership team and organization will remain in place, led by Hector Alonso, Lumen’s president for the region, and Lumen will maintain a relationship with the operation to serve joint customers in the region. “This transaction unlocks value for our shareholders while allowing us to maintain our global presence through our strategic relationship with the New LATAM Company,” noted Lumen https://xcritical.com/ President and CEO Jeff Storey. Once the transaction is closed, Verizon expects to integrate IP-based TV services with FiOS video to further differentiate FiOS from traditional cable TV offerings and to reduce ongoing deployment costs. FiOS customers are also expected to benefit from elegant search and discovery, interactivity and cross-screen ease of use integrated with the Verizon Wireless 4G LTE network.

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In December, Verizon announced a definitive agreement to acquire EdgeCast, an industry leader in content delivery networks. Also in fourth-quarter 2013, Verizon announced the acquisition of upLynk’s exclusive technology that streamlines the process of uploading and encoding of video for live, linear and video-on-demand content. Lumen Technologies has sold its Latin American business for $2.7 billion to private equity firm Stonepeak, which will become an independent operating company called New LATAM Company within the investment group’s portfolio.

intel verizon

“The new milestone was reached in preparation for [Verizon’s] upcoming 5G Ultra Wideband expansion using itsnewly-acquired C-band spectrum,” the partners announced inthis press release. There are lots of interesting stats in the report, such as the number of cell sites across the US – more than 417,000 at the end of 2020, up from about 308,000 in 2016. There are also some very questionable stats in the downloadable ‘Highlights’ document, such as how the ‘5G economy’ has created 4.5 million jobs and added $1.5 trillion to the US economy – the kind of stats that politicians love but which are published without any qualifiers or explanation. For further details and to access the Highlights document, check outthis press release.

Verizon To Purchase Intel Oncue Media Assets

The transaction will accelerate the availability of next-generation video services, both integrated with Verizon FiOS fiber-optic networks and delivered “over the top” to any device. Verizon will purchase intellectual property rights and other assets that enable Intel’s OnCue Cloud TV platform. Verizon will also make employment offers to substantially all of the approximately 350-person Intel unit, which will continue to be based in Santa Clara and be led by its current management team. Intel is shutting down its sports division, much of which was based on the 2016 acquisition of Replay.

  • Verizon will purchase intellectual property rights and other assets that enable Intel’s OnCue Cloud TV platform.
  • Verizon is moving ahead with its mm-wave wireless plans, filling applications for 28 Ghz-band experimental licenses in the US.
  • “The proposed STA operations will advance an understanding of the characteristics of millimeter wave spectrum , channel bandwidths, and uplink/downlink ratios for residential and commercial deployments,” the filing says.
  • The Israeli company developed a 3D technology called Trueview, which enabled watching sporting events in 360 degrees using an array of cameras.
  • For further details and to access the Highlights document, check outthis press release.
  • Verizon will also make employment offers to substantially all of the approximately 350-person Intel unit, which will continue to be based in Santa Clara and be led by its current management team.

The Israeli company developed a 3D technology called Trueview, which enabled watching sporting events in 360 degrees using an array of cameras. Combined with Verizon’s current and recently announced new video-delivery capabilities, the transaction also provides the platform and skill sets for Verizon to continue to expand the depth, breadth and scope of its video offerings, including mobile, in the future. There was speculation already in May that Intel was seeking to end its activity in this field, as part of the strategic assessments made by the company following the arrival of new CEO Pat Gelsinger. Intel hired American investment house PJT Partners to sell the division, and there had been rumors in the past that the sports division would merge with a SPAC.

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Verizon is moving ahead with its mm-wave wireless plans, filling applications for 28 Ghz-band experimental licenses in the US.

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However, it has now become clear that part of the operation will be sold to the American communications giant Verizon while the rest will be simply shut down. International network operator Colt technology Services says it will provide connectivity toCboe Europe Derivatives , the new pan-European equity derivatives market from its launch in September 2021. The Intel sports division’s technology is currently installed in 19 NFL intel verizon stadiums and several soccer stadiums in Europe. Calcalist has learned that most of the Israeli employees have received offers to move to Mobileye, which Intel acquired in 2017. It was preceded by the mapping activity of the company Telmap, which the company acquired for $200 million before shutting down, as well as, the mobile activity the company acquired in the country, only to sell it at a significant loss to Marvel.

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