Intel looking to sell online TV unit for US$500m

26 Nov 2013

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Intel is reportedly planning to sell its OnCue online pay TV service for around US$500m as the company doubles down on opportunities in the mobile computing space.

OnCue is Intel’s technology that makes it possible to deliver TV content over any high-speed internet connection.

The technology delivers high-definition content to connected devices at speeds of 3Mbps and could boost US telecoms giant Verizon’s participation in the TV on demand space.

The chip giant is understood to be already in talks with a number of players. including Verizon.

OnCue sits within the Intel Media division and is headed by Erik Huggers, creator of the BBC iPlayer.

Korean electronics giant Samsung and cable TV provider Liberty Global have also held talks with Intel.

Streaming TV image via Shutterstock

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com