Intel Corp is trying to sell its un-launched OTT service for $500 million and wants to complete a deal by year-end. Verizon Communications, tipped as candidate, is already speaking with content providers according to Bloomberg.

OnCue has faced challenges getting content providers interested since it was launched last February. The chipmaker’s new CEO, Brian Krzanich, ultimately decided Intel could not afford the distraction and expense.

While Intel came close to deals with some of the major programmers  the terms meant Intel would have faced upfront outlays in the hundreds of millions regardless of how quickly the service caught on.

Other posts by :

1. Oman’s Spaceport ready for fast-track launches
2. Bank uplifts RocketLab
3. AST SpaceMobile’s BlueBird/FM1 en route to India
4. D2D satellite battle hots up
5. Eutelsat share price rockets
6. AST SpaceMobile recovers after Verizon agreement
7. Bank has mixed messages for AST SpaceMobile
8. EchoStar clears key regulatory hurdles for Starlink deal
9. Starlinks falling to Earth every day

Categories: Articles, Business, OTT, OTT