By Allen Tsai | Wed May 12, 2010 8:40 am |
The Basking Ridge, N.J.-based company said it would license its frequency band to local carriers for a small fee, allowing them to sell high-speed data service to their customers."This is not something we're looking to make a lot of money from," said Lowell McAdam, Verizon's chief executive. The move would be to help it cover more of the country with its 4G network. In March, federal regulators unveiled the National Broadband Plan, focusing on wireless broadband as a top priority for the country. Rival Sprint, with broadband partner Clearwire, is rushing to build out its next-generation service, and plans to release the HTC Evo, its first 4G phone, later this year. Verizon, which said its roll out will cover more than 100 million people in at least 25 cities by the end of the year, is currently testing its new technology in a handful of markets. The company's first 4G phone will be launched in mid-2011.
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Tue Feb 07, 2012 2:31 pm | By
Verizon plans to sell the Motorola Droid 4, its flagship Android 4G device, on February 10 for $200 with a two-year contract.
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Tue Feb 07, 2012 11:49 am | By
Verizon plans to offer a "double-data" promotion, as the carrier attempts to boost its 4G LTE network.
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Mon Feb 06, 2012 1:33 pm | By
Verizon and Redbox plan to launch an online media-streaming service, forging a partnership to compete in the crowded field of digital content delivery.
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Wed Feb 01, 2012 4:22 pm | By
Verizon and Comcast are preparing for a Senate inquiry into their pending spectrum deal, as regulators monitor talks for precious airwaves.
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Tue Jan 24, 2012 1:58 pm | By
Verizon is staking its earnings on data services, despite slumping margins from discounted iPhone sales.
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