The goal is to appeal to customers who need to upload videos, photos, and other bandwidth-consuming content.
Like its Xbox 360 companion app, the FiOS app for Xbox One allows users with Verizon's cable and Internet service to stream 74 live channels.
The deal will allow customers subscribing to both Verizon Wireless and a triple-play Fios service to get $20 off their monthly bills.
Verizon reaches a deal with the chipmaker, Amazon may ship items before you even order them, and HP brings back Windows 7.
US Cellular beats out Verizon as a wireless provider, while Verizon's Fios scores highest among Internet providers. Nintendo takes the top slot for consumer electronics, edging Apple.
Verizon Communications' chief marketing officer Mike Ritter says prices for new tiers of Fios broadband service, which effectively doubled speeds, will go up. But consumers will have more flexibility in creating bundles with video service, he adds.
Purported training materials sent to The Verge also detail other new plans and corresponding prices for the high-speed Internet service.
Verizon customers should expect to pay more for Fios and their wireless service, as the company looks for ways to increase revenue to justify its spending on its infrastructure.
The companies say that 26 live HD channels and over 10,000 video-on-demand titles will be coming to LG's smart TV this year.
The communications company says an application for Xbox Live, designed to enable subscribers to watch live programming, will be available next month.