Leading wireless service provider,
Verizon Communications Inc.
) has enhanced its 4G LTE network coverage within and in the
nearby areas of Dorset, Vt. The company first launched its LTE
services in Vermont in May 2012 and is increasingly focusing on
bring more customers under its LTE wing in the region.
Verzion's LTE services are currently available in over 500
markets in the U.S. and cater to approximately 301 million
customers. The company remains successful in covering over 99% of
its 3G footprint with LTE coverage and expects to convert the
entire nationwide 3G footprint to 4G by 2013.
Further, Verizon is riding high on smartphones sales including
) iPhone along with the introduction of other devices that would
boost data revenues going forward. During the quarter, the
company's smartphone penetration increased to 67%. It activated
7.6 million smartphones and introduced numerous devices to
attract customers to 4G LTE that covers over 64% of total data
traffic. In addition, the plan to roll out VoLTE is expected to
boost its performance level.
The first set of handsets will be available by 2013 end, with
more coming in 2014. We believe that these handsets will reduce
Verizon's reliance on CDMA chipsets, leading to lower device
cost. Additionally, voice traffic on LTE will help the company in
refarming its 3G spectrum to accommodate LTE and increase
bandwidth. Further, the company's 4G LTE Router - an Internet
access gadget compatible with both wired and Wi-Fi-enabled
devices - will likely gain popularity in the coming days.
Verizon, which operates with carriers like
) has a Zacks Rank #3 (Hold).
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