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February 24, 2014 AT 8:20 AM
It was revealed over the weekend that Netflix and Comcast had struck a historic deal: for the first time the streaming-video service would pay the cable giant in order to ensure that the huge volume of data it was sending would arrive swiftly and smoothly in customers' homes. Verizon's CEO wasted no time in announcing that the company expected to strike a similar bargain. On CNBC this morning Verizon's chief Lowell McAdams revealed that Netflix and Verizon have been in talks for almost a year now, and that he expects to finalize a deal soon.