Verizon CEO Ivan Seidenberg claims that LTE could be the end of cable internet and TV services

Verizon CEO Ivan Seidenberg claims that LTE could be the end of cable internet and TV services
A few days after the launch of Verizon's LTE network, its CEO Ivan Seidenberg said that he envisages a future where cable internet and TV will not be as widespread as they are now and they will eventually give way to an "all-in-one" service powered by a wireless network, not unlike the one that Verizon already offers.

He referred to this process as "cord cutting", but warned that it wouldn't happen at once. However, Seidenberg pointed out that he does expect some customers to leave the cable internet/cable TV ship and join the wireless revolution in the near future, adding that Verizon is in better position than the cable operators to set the new trends.

We already posted the test speeds of Verizon's LTE network, but by 2013 (given that the Mayans were wrong) we guess that they would be a completely different story. Then again, as smartphones' and tablets' popularity is rising on a daily basis, this thesis looks very likely indeed - just imagine watching the evening news, while struck in yet another traffic jam.

source: NASDAQ via Electronista

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8 Comments

7. dandirk unregistered

Another thing could happen... If cellular companies make this push... Cable/Sat companies would be smart to create their own wifi network. Just think if Comcast has city wide wireless across the country, where a subscription would allow access in any city. They could possibly provide wifi speed and service for less and faster then Cellular providers. But we are talking about cable companies here... they screwed the pooch with VOD, and let netlix/hulu come out YEARS later to threaten their business.

8. JeffdaBeat unregistered

I think the Devil is already prepared for the switch. AT&T and Verizon have wired and wireless in the bag. I have AT&T Uverse and it's been a far better experience than Time Warner Cable or Comcast when I lived in Detroit. I hear nothing but amazing things about FiOS. I think you'll see these companies start dominating the market if they start blanketing cities with Wifi and offering the service free to their wireless customers.

6. dandirk unregistered

I think he is essentially right, it will take a few years though. I setup my mother with her cities Wifi provider. They setup an wifi antenna/bridge connected to a window of her house, which then connects their wifi service with her in-house wifi network. She has access to the internet in her home just like anyone with a wifi router, but she also has access to wifi internet ANYWHERE in the city. All for $15 bucks a month. 4g speeds will start making the above situation feasible with Cellular wireless connectivity. Cellular services will be able to build household internet plans essentially. Connecting all your devices to their wireless network, whether at home or anywhere in their coverage area. Combine that with expanded Netflix/Hulu services... bye bye cable/sat TV/internet. Those that say unlimited is over... maybe for now. But if cellular providers want to take over cable/sat like they say in this article, then it will have to return (or at least limits that are very high to cover TV streams etc.

5. JeffdaBeat unregistered

I think we all need to get it in our heads that the days of All-You-Can-Eat internet use is over. Tiered pricing will replace throttling for wireless. With more and more people using smartphones, it's going to cost Verizon, AT&T, and T-Mobile more money to accommodate more handsets. And why only take $30 a month when you can take more for their actual usage? And that's just on the cell phones. With the amount of streaming going on with YouTube and Netflix, you are going to see ISP's figure a way to get their money's worth out of our usage.

4. k unregistered

It is possible, with increased usage the profit margin for each user's account will be lower, but as was stated nothing will happen until the price point is appealing to all users. In a family of 5 I would expect the monthly bandwidth to be in the 500 - 1000 GB/ month. Only time will tell.

3. gabe unregistered

I use 50 to 100 gigs of data a month on my cable pipe line- with Verizon pricing I will be paying $300 to $600 a month! No thank you!

2. androidinside unregistered

1. 5gb gap won't last forever, it's verizon's method to "test water" and dont want to end up like at&t 2. internet on the phone? sure. but cable tv service? no thanks! why would anyone wanna watch tv on that 4inch screen or 10inch tab? i have an 120inch screen that a mobile device wont replace.

1. skymitch89

Posts: 1453; Member since: Nov 05, 2010

Why would any give up an unlimited data, even it is is a little bit slower and wired, for only 5Gb of data for about the same price? I know what I wouldn't.

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