Verizon Wireless is a joint venture between Verizon (VZ) and Vodafone (VOD). With backers like that it is no wonder that Verizon Wireless has become the nation’s largest wireless carrier – and it is poised to become even bigger.
The joint venture is in talks right now to acquire almost $4 billion worth of wireless spectrum from a variety of cable companies, including Comcast (CMCSA) and Time Warner Cable (TWC), among others. The increased load capacity would mean higher network speeds for its nearly 109 million wireless customers – a boost the wireless carrier may well need.
As of March 15, Verizon Wireless had its ultra-fast Fourth Generation Long Term Evolution (4G LTE) network in place in 203 markets. The joint venture plans to double that figure by the end of the year. With its new markets and continued expansions, Verizon Wireless will be able to count more than 260 million people in its 4G LTE network coverage area. The company currently serves more than 108 million subscribers. (In comparison, AT&T (T) covers 74 million people.)
The difference in capacity matters for a couple reasons. Perhaps most obviously, greater capacity means faster service and fewer dropped connections, but I see an additional difference that could be a game changer: technology.To continue reading, click here.