Verizon Seen Introducing Phone Service via Internet

The NY Times is reporting that Verizon Communications, the nation’s biggest telephone company, will announce today that it is introducing Internet-based phone service to customers across the nation, according to executives close to the plan.
Verizon is the latest and largest player to offer the technology, which divides voice calls into packets of data and sends them over high-speed Internet lines. The service can be significantly cheaper than traditional phone calls because sellers of the service do not typically have to pay access charges and other fees related to telephone transmission.