Troubles With Verizon’s 4G Network, Again (VZ, T, S)

Our own Douglas McIntyre put in a call to customer service, due to the 4G data package not working in New York City.  He was told that the voice and text services are working normally, but the 4G data network (i.e. data transfer and proper internet usage) is experiencing intermittent outages at the moment.  My own iPhone is on the 3G network, and it did work fine.  A call into the local store here in Houston confirmed that the iPhone is on the 3G network. 

Marketing heavily for the 4G network is something that you have expected considering all of the challenges that Verizon has made for AT&T (and that AT&T has made against Verizon).  What this does to Verizon’s marketing efforts is questionable at best.  It has to be a win for AT&T.  If the problems persist and if it turns out that Verizon was not really much better than AT&T, one might even be able to argue that it could be a win for Sprint Nextel Corporation (NYSE: S).

Sprint shares are up almost 1% at $5.24, AT&T is up 0.35% at $31.24 and Verizon shares are up only $0.02 at $37.80.

JON C. OGG