Verizon Wireless announced that they've sold 1.2 million LTE devices in their second quarter, and that 69 percent of their net retailed postpaid additions came from LTE devices or Apple's iPhone. At this time Verizon's 4G LTE network is available in 102 markets, and will be available in 175 markets covering 185 million people by the end of the year. In addition to the existing wireless modems they've released three new LTE devices in the second quarter, the Samsung Droid Charge, LG Revolution and MiFi 4510 Hotspot by Novatel Wireless.
"The company commented that network spending on 3G was well ahead of capacity requirements for the year, and 4G LTE spend was slightly ahead of requirements. Management specifically cited a second-half pullback in EVDO spending, due to the acceleration of EVDO build-out during the first half of the year," Notter wrote. "This doesn't surprise us--Verizon's EVDO spending has historically been front-end loaded. In recent years, the company has surprised to the upside with their Q3 and Q4 EVDO spending. While we find it reasonable to think that EVDO spending might see a slight pullback for 2H'11, we think it's relatively unlikely that it would pullback significantly (or stop)."
Related Links:
- Order Verizon 3G/4G Wireless Modems
- Check Coverage With 3GStore's 3G/4G Coverage Map
- Verizon VZ4G LTE Markets
