LTE is seen as an upgrade of GSM, the most widely used mobile technology. As a result, it may be a less expensive option than the follow-up to Qualcomm's CDMA standard Verizon currently employs.

Verizon's ambitious plans for the fourth quarter also include the rollout of 12 additional handsets, as well as the deployment of its 4G/LTE network with contiguous 700MHz spectrum. Despite its ...