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Technology Stocks : 4G - Wireless Beyond Third Generation
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From: FJB1/26/2010 2:53:02 PM
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On Verizon’s earnings call today, chief financial officer John Killian projected capital expenditures to be within the range of $16.8 billion and $17.2 billion, about level with 2009’s capex, but he did qualify where that capex will be spent. Killian said he expected wireline capex to decline significantly, giving Verizon flexibility to invest in other aspects of the business. A major source of that investment will be, not coincidentally, in its wireless business as Verizon pursues its next big growth initiative, 4G. Verizon plans to launch long-term evolution commercially in the latter half of the year, following an aggressive deployment timeline that will cover 100 million people by the end of 2010.
When asked about Verizon Wireless’ fierce competition with rival AT&T (NYSE:T), especially the latter’s success with the iPhone, Verizon Communications CEO and chairman Ivan Seidenberg said that LTE will level the playing field, creating not only greater capacity and more operational efficiencies for VZW, but also encouraging greater interest in VZW’s network as well new classes of smartphones. (VZW may still be in the running for a CDMA iPhone—Apple (NASDAQ:AAPL) has a big device unveiling event on Wednesday).

“As we move to LTE and we start to see a completely different dynamic … we’re confident that the smartphone market will move into more parity for us,” Seidenberg said.

connectedplanetonline.com
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