Verizon Says LTE Network Will Be Done by Mid 2013
Verizon Wireless CFO Fran Shammo today said that the company's LTE 4G network will be fully built out by the middle of 2013. This is close to six months sooner than the company had previously said it would complete the network. According to Shammo, Verizon's LTE 4G network covers 250 million Americans today, and will cover 260 million by the end of the year. At the end of the third quarter, approximately 15 million post-paid customers were using LTE gear, and 35% of Verizon's network traffic is transiting its LTE network. By way of comparison, AT&T's LTE footprint will cover 150 million POPs by the end of this year, and 250 million by the end of 2013, and 300 million by the end of 2014. Sprint has launched its LTE network in a few dozen markets so far and plans to have 100 covered with LTE by the end of 2012. T-Mobile USA won't launch its LTE network until some point in 2013.