Report: Intel Wants Out of Its Cable TV Venture

Oct 31, 2013  •  Post A Comment

Intel is looking into selling off its cable-Internet venture to Verizon, The New York Times reports. The venture, called OnCue, envisions taking traditional cable-network bundles and relaying them via the Internet, but network owners haven’t been eager to sign on for licensing deals, the story notes.

"The other big roadblock has been an internal one. When a new chief executive, Brian M. Krzanich, took over the company earlier this year, he expressed skepticism about the television project because it was not a core part of Intel’s business, and directed the project leaders to seek partnerships for it," the piece notes.

Intel could continue with the venture via a partnership with Verizon, although it’s more likely that Verizon will buy the project, the story adds.

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