The next great wave of wireless innovation begins with the fourth-generation of wireless technology. 4G will integrate wireless broadband deeper into the lives of our consumers and provide enhanced connectivity between a wide variety of traditional and non-traditional wireless devices. There will be a proliferation of consumer electronics – from cameras and multi-player games, to household appliances and health monitoring devices – all with direct mobile broadband connections.
4G will also embed wireless broadband into the basic functions of business and industry. There will be a surge of wireless devices that communicate with each other – from motion detectors and inventory trackers, to energy monitors and heat sensors – in every home, vehicle, building, shipping container and supermarket shelf. The potential growth of the machine-to-machine market is extraordinary.
Verizon is well positioned to lead our industry into the 4G era. This year we’ll begin deploying the nation’s first 4G network based on LTE (Long Term Evolution), the emerging global standard for next-generation wireless services. We purchased a large amount of wireless spectrum previously used for analog television broadcasts. This valuable single-frequency spectrum footprint covers the entire lower 48 states plus Hawaii, and will give Verizon customers nationwide bandwidth and coverage, whenever and wherever they need it.
The performance and capabilities of LTE will be unmatched in the marketplace, allowing customers to do things never before possible in a wireless environment. The advantages include faster speeds, lower latency, improved efficiency, better in-building penetration and simplified worldwide roaming – just to name a few. We plan to launch our 4G network in 25 to 30 markets in 2010 and cover virtually our entire current nationwide 3G footprint by the end of 2013.
4G opens a whole new world of connectivity, extending beyond the conventional wireless handset to new and advanced products and solutions, innovative devices, and worldwide capabilities. Verizon’s 4G network promises to offer an enhanced experience for our customers and new growth opportunities for our shareowners.