Verizon to Spend $1B on Wireless Upgrade | eWeek

Verizon to Spend $1B on Wireless Upgrade

Written By
Bruce Meyerson
Bruce Meyerson
Jan 8, 2004
1 minute read
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NEW YORK (AP)—Two months after AT&T Wireless launched the nations fastest wireless Internet service, Verizon Wireless says it will spend $1 billion to reclaim the lead with an even speedier technology that just months ago the company insisted was not an urgent need.

The next-generation technology being used by Verizon, which can provide wireless downloads to a laptop between five and 10 times quicker than a dial-up connection over a wired telephone, will be rolled out nationally over the course of two years, with some cities getting the service by this summer.

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