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Closing Bell

Verizon Plans To Use Yahoo-AOL Combo To Test New OTT Service

Verizon Chair & CEO Lowell McAdam today said once the company completes its purchase of Yahoo, slated for June, it will use the combination of Yahoo and AOL -- with a total of 1.3 billion users -- as a platform to "test out an over-the-top service." McAdam, speaking at the J.P. Morgan Global Technology, Media & Telecom Conference, "didn’t provide any additional details on a possible OTT offering, which would be in addition" to the telco’s Go90 mobile service. Verizon has "reportedly been mulling an internet-delivered skinny bundle offering" (VARIETY.com, 5/22).

Verizon earlier this month paid $20M+ for the right to stream the Ravens-Jaguars game from London on Sept. 24 (THE DAILY).

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