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Verizon CFO: residential LTE coming later this year

Verizon's CFO recently confirmed that Big Red will be rolling out a residential LTE package by the end of the year.

Verizon logo
Verizon logo

Speed-starved internet users stuck without fiber or cable may soon have a wireless option to choose from, as Verizon CFO Francis Shammo recently confirmed Big Red will be rolling out a residential LTE package sometime in the fourth quarter of this year. The comments came during the company's earning calls last Friday, when Shammo made reference to successful trials it had conducted with DirecTV. The voice and data bundle will utilize a cantenna, a specialized antenna that looks, unsurprisingly, like a can. Shammo claims Verizon's version — not to be confused with this mini-bazooka home model — will provide efficiency "way above" the current crop of LTE MiFis or laptop dongles. Verizon sees residential LTE as part of a two-pronged strategy to move customers away from legacy copper lines: FiOS for those areas where it can take fiber right up to the house, and LTE for rural areas and everywhere else. For those still stuck on DSL, home LTE could be a compelling option — though details on pricing, real-world speeds, and bandwidth limits are all still to come.