Verizon Wireless to complete its 4G LTE network by mid-2013
Verizon Wireless seems to be well on its way to achieving global dominance. Speaking at the Wells Fargo Securities Technology, Media & Telecom Conference today, VZW CFO, Fran Shammo, stated that the carrier will have its blazing-fast 4G LTE network completely completed by mid-2013, which is about 6 months earlier than planned. And you know what it means when a company actually achieves something ahead of plan - global dominance!
Not really, but we feel the carrier's competitors won't really like this. At the moment, Verizon's 4G LTE network covers about 250 million people, which is around 80% of the nation's population. By the end of this year, this figure should be bumped to 260 million. But what good is a network if there's no one to use it? Apparently, the Big Red machine of the wireless business doesn't have much reason to worry about this, as it has finished Q3 2012 with a total of 14.9 million LTE subscribers, accounting for 35% of the data traffic served by the carrier. Not bad, considering that LTE is still a very new tech.
source: FierceWireless
In comparison, AT&T hopes that it will be able to cover about 150 million people by the end of this year, which isn't so bad as well, considering the carrier's late start in the LTE game.
source: FierceWireless
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