The service, which Verizon only refers to as OTT, or over-the-top, named because it will be available to anyone with an Internet connection, as opposed to a television subscription, is the company’s big growth engine for the future. So far, the company has been mum on the details.

The telecom company is readying a mobile and online video service for launch in late summer, and a top exec says there’s nothing like it.

Verizon continues to line up video content from partners as well as through acquisitions, such as AOL.

Source: Verizon mulls mobile video that doesn’t eat into your data cap – CNET