NEW YORK (TheStreet) -- Verizon's(VZ) - Get Report proposed acquisition of AOL (AOL) signals a shift in the telecom industry, and may prompt T-Mobile(TMUS) - Get Report to seek a content partner, according to at least one analyst.

On Tuesday, Verizon said it has agreed to buy AOL for $4.4 billion. The deal provides Verizon with some advertising business and enables it to leverage its strategy to expand mobile-video offerings, according to Angelo Zino, an analyst at S&P Capital IQ. Wireless providers are looking for more growth opportunities as subscriber growth slows.

"We think this is a theme that is going to stay, and it will continue to emerge," Zino said. "So we'd expect others within the space to also look at potentially making partnerships, maybe not acquisitions, but nonetheless it's a very important theme we think as consumers really shift to using more video and content over the internet."

Zino said the next wireless company to watch is T-Mobile. CEO John Legere has expressed interest in a partnership with a content provider and has said a combination with Dish Network(DISH) - Get Report "makes sense."

"There's really an opportunity for them to join alliances with somebody," Zino said. "Whether that's Dish Network  remains to be seen. We think there is potential where John Legere actually talked about teaming up with a cable provider, like a Comcast(CMCSA) - Get Report. That's all speculation right now, but I think T-Mobile could potentially be in play, given the scenarios we've seen."

In addition to looking for new video content from Verizon, Zino expects  AT&T(T) - Get Report to begin to roll out video content once its deal with DirecTV (DTV) is approved by regulators.

But Zino does not expect Sprint(S) - Get Report to make any strategic alliance in the immediate future while the company remains focused on its turnaround efforts.