The deal, which will cost Verizon more than $2 billion during the next five years, gives the telecommunications giant the rights to stream games across its variety of digital media brands, including Yahoo Sports, Complex and go90.
This has the potential of giving the telecommunications companies' legitimacy in the eyes of the public.
Given the low telecommunications costs in the U.S., there was no incentive to change the banking infrastructure.
"Today's technology and telecommunications industries are overseen by the Federal Communications Commission, established in 1934 and given the jurisdiction over telecommunications formerly assigned to the Interstate Commerce Commission, which had been created in 1887 to regulate the railroads.
But analysts and investors are increasingly skeptical that British Telecommunications can meet its goal given the slump in telecommunications shares, the glut of new issues coming to market and the cash constraints facing would-be buyers of its assets.
"Given the situation in the telecommunications market," Mr. Lauria said, "these results are fairly strong.
Given the consolidation in the telecommunications industry in recent years, it is little surprise that Verizon and its unions would lock horns over cost-cutting efforts.
In the US, for example, we should end the immunity given to the telecommunications operators for assisting illegal listening.
That would give the British telecommunications giant what the blog reckoned was a $245 billion enterprise value and would be one of the biggest takeovers in at least a decade.
Money-losing smartphone maker Palm tapped Huawei Technologies for preliminary acquisition talks, a move that would give the Chinese telecommunications equipment maker a foothold in the premium mobile phone market, Reuters reported.
