Verizon Wireless Offers Blistering In-home 4G LTE Service (VZ, VOD)
Verizon Wireless, the joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NASDAQ: VOD), has announced that its 4G LTE wireless network will now be available as an in-home network option that offers the blistering speed of…
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Verizon Wireless, the joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NASDAQ: VOD), has announced that its 4G LTE wireless network will now be available as an in-home network option that offers the blistering speed of the 4G network to a home network. Called HomeFusion, the program is being rolled out in three US cities: Dallas, Nashville, and Birmingham, Alabama, with other markets to follow.
Users will purchase an antenna and broadband router for $200 and pay a minimum of $60/month for 10 Gbytes of broadband data. The company says customers can connect 4 wired devices and at least 20 wireless devices to the in-home network. Verizon Wireless also claims that download speeds should fall in the range of 5-12 megabits/second, with upload speeds of 2-5 megabits/second.
The company claims that about 200 million Americans have access to its high-speed network. Unfortunately, in the vast swathes of low-population regions where this connectivity would be most welcome, the company’s 4G LTE is still not available. Maybe someday…
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
