SYT General 3 - New Thread., page-1687

https://www.investors.com/news/technology/verizon-google-ott-internet-5g/

Will Verizon, Google Partner In YouTube TV Streaming As 5G Ramps Up?

• REINHARDT KRAUSE
  
• 4:12 PM ET

Verizon Communications (VZ) has put off the launch of its own live-TV internet service, but the telecom could announce a video streaming partnership next week, with Google's YouTube TV looming as a possibility.

Matt Ellis, Verizon chief financial officer, said at a JPMorgan conference in Boston on Wednesday that it's exploring other options rather than offering its own over-the-top, or OTT, video product.

JPMorgan, meanwhile, last week upgraded Verizon to buy on views that next-generation, "5G" wireless services will drive growth. JPMorgan analyst Philip Cusick also noted "Verizon has no plan to build its own full OTT linear video offer. Instead the company will announce on May 21 its plan to partner with an existing linear OTT player bundled with the fixed broadband product, as well as four Oath channels."

Verizon holds a meeting with sell-side analysts on May 21 to update its plans in wireless and digital media. The company plans to bundle video-streaming services with its 5G wireless services.

Verizon, which acquired AOL and Yahoo, has grouped the internet assets in a new unit, branded Oath. Verizon has a portfolio of rights to stream sporting events, including those in the National Football League and National Basketball Association, as well as entertainment assets and Yahoo Finance.