Verizon

Verizon denies it plans to open new app store

WASHINGTON: Verizon Communications Inc has denied the report that it was in talks with carriers and hardware manufacturers to open a new mobile software store.

"We have no plans to do that," Verizon spokeswoman Debra Lewis said. "Been there. Done that," she added, referring to Verizon's Apps, a mobile software store the company shut down last year.

Lewis spoke after The Information, an industry website, reported that Verizon was leading discussions to launch an industry coalition to create a mobile app store.

Currently, Google Inc gives its distribution partners, including carriers and device manufacturers, 30% of revenue from applications sold in its stores. Apple Inc operates differently, offering no share of revenue from the apps sold in its stores.

In 2013, customers spent a record $10 billion on Apple's App store. Google does not release revenue figures for its store.