Comments made today at the Wells Fargo Securities Technology, Media & Telecom Conference, Verizon’s CFO Fran Shammo indicated that Big Red was on schedule to finish rolling out their LTE network by mid-2013. Shammo mentioned that they were a good six months ahead of schedule. If that’s anything to go by, they may just be finished with their LTE network even earlier. Nevertheless, the results of this will be their LTE footprint matching their 3G footprint. Keep in mind that Verizon is known for leading the charge with LTE connectivity with AT&T a second runner-up. Although, AT&T does not cover nearly as much that Verizon does.
Shammo indicated that their new LTE network has been very well received by their customers with 14.9 million postpaid LTE compatible handsets in their customers hands. Shammo has said that 35 percent of Verizon’s overall data usage was travelling over their LTE network by the end of September. Verizon’s LTE network already covers a whopping 250 million people, which equals out to be around 80 percent of the total United States population. To put thinks in perspective, Verizon’s competitor AT&T will not touch the 250 million mark for their LTE network until the end of 2013 while Verizon will reach most of the U.S by mid-2013. Shammo commented that the adoption of the Share Everything data plans are a bit higher than expectations with at least 13 percent of their entire customer base now on one of these plans. According to Shammo, Verizon’s customers average 2.6 devices per account using their shared data plan service.
All that said, Verizon is well on their way in dominating the mobile network in the United States. If they do indeed finish their LTE network by 2013, I wonder what they will be working on next. Verizon has definitely had their fair share of hiccups throughout expanding their LTE network, but as you can see, it is more stable now than it has ever been. When Verizon announces that they have finished their LTE network, that’ll just be a huge publicity boost for them. Big Red plans to get their LTE network on par with their massive 3G CDMA coverage area, and at this rate, there is nothing stopping this company.
My area just recently got 4G LTE from Verizon, and it definitely lives up to the statement of being the nation’s fastest 4G network. My AT&T phone has never ran as fast as Verizon is going in my area right now. It’ll be interesting to see if AT&T will manage to catch up with Verizon in 2013. With Verizon being 6 months ahead of schedule, it’d be pretty hard for AT&T to catch up at this rate.
Have you used Verizon’s 4G LTE network? Do you think that their speeds will convince you to get a Verizon smartphone despite the issues they’ve had with the Google Nexus and delayed updates? They are a bit on the expensive side of things, but considering their speeds, I think it’s well worth it.
Sound off in the comments below!
source: Talk Android