Verizon Making Big LTE Push This Year [telecom]

Verizon Making Big LTE Push This Year

Forbes Online

by Trefis Team, Contributor

Verizon may have been the first to launch its 4G LTE network more than a year ago, but customers have yet to take to the new high-speed technology.

Speaking at an investor conference Monday, Verizon Wireless' CFO Fran Shammo said that only about 5% of its total customer base use an LTE smartphone right now.

Verizon is currently well ahead of AT&T and Sprint in terms of LTE deployment with coverage in 196 markets across the U.S. It has also been actively promoting its LTE technology through the launch of cheaper smartphones and plans, and we believe LTE adoption rates are only going to pick up from here.

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Bill Horne
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