Verizon to LURE AT&T Customers with 4G LTE
AT&T, Inc. (NYSE:T): The Federal Communications Commission might decide to adopt a single standard of measurement as to whether companies have obtained too much spectrum, according to The Hill on Thursday night, which added that the Commission currently uses a different set of criteria for each spectrum transaction.
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Verizon Communications Inc. (NYSE:VZ) should be able to lure customers away from AT&T Inc. (NYSE:T) by a 4 gigabyte LTE-enabled iPhone 5, reports analyst Thomas Seitz at Jefferies & Co., who wrote to investors Friday that the new iPhone will probably be LTE capable, a view upon which many analysts and Apple observers agree. At this time, Verizon’s LTE network reaches approximately 230 million people spanning 337 markets, which is more than all of the other domestic carriers together. By the end of 2012, Verizon intends to cover an additional 260 million people in more than 400 locations.
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