Verizon to offer YouTube TV to wireless and Fios customers

Verizon to offer YouTube TV to wireless and Fios customers

Whether you have Verizon wireless service, FIOS, or a wireless 5G home, you'll now have the ability to bundle YouTube TV along with it.

The companies didn't announce YouTube TV pricing, availability or other details; a Verizon rep said only that the reseller deal will launch later in 2019.

YouTube TV, which debuted two years ago, is now available in every USA market, providing local ABC, CBS, Fox and NBC stations in more than 90% of those (and three of the four in remaining markets) and cable networks including ESPN, CNN, HGTV, TNT, TBS, Food Network, and FX.

Telecommunications giant Verizon (VZ) posted earnings per share of $1.22, up from $1.17 per adjusted share in the comparable year-ago quarter.

In first-quarter 2019, Verizon faced headwinds as a result of a reduction in benefits from the adoption of a revenue recognition standard, primarily due to the deferral of commission expense, and the adoption of a lease accounting standard.

Verizon added 52,000 Fios internet customers during the quarter.

This is especially important as it continues to build out its next-generation 5G wireless network and looks for more subscribers and usage of it.

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"Our network and technology leadership uniquely positions us to lead the content revolution, which centers around choice for our customers. We were first in the world to bring commercial 5G to our customers and now another first on the content front as we offer our customers access to YouTube TV on whatever platform they choose".

For first-quarter 2019, Verizon reported EPS of $1.22, compared with $1.11 in first-quarter 2018.

Verizon is the parent company of Verizon Media, which owns Yahoo Finance.

Still, partnering directly with a wireless telecom provider is a huge step for any streaming television service.

YouTube TV offers cable-free live TV that can be streamed from any device.

It's not clear what kind of pricing Verizon will offer for YouTube TV, which costs $49.99 per month in the United States for new customers. In essence, this partnership makes it simple for Verizon's customers to sign up and enjoy YouTube TV on-the-go from cell phones, tablets or on home TVs.

Shares of Verizon were down 2.2 percent at $57.09 in morning trading.

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