NEW YORK (Reuters) - Verizon Communications Inc. (NYSE:VZ - news), the No. 2 U.S. telecommunications company, is in advanced talks with YouTube Inc. to bring the Web site's videos to cellphones and television sets, the Wall Street Journal reported on Tuesday.

Source: Yahoo! News

If this takes off on mobile phones like it has on the PC, then this could be huge for Verizon. Hmmm, well worth keeping an eye on the situation here.