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CEO envisions Verizon 4G as home internet option

Updated 4 years ago
Published Dec 7th, 2010 8:06PM EST

Verizon CEO Ivan Seidenberg is likely none too pleased with the team responsible for writing a presentation he gave at a recent investor conference. In it, Seidenberg stated that his company’s LTE service could become a “modest substitute” for traditional cable or home Internet access. The press and blogs subsequently erupted, and rightfully so — at $50 for 5GB per month or $80 for 10GB per month (plus $10 per GB for overages on either plan), Verizon’s “4G” would be an extremely pricey cable Internet alternative. It would also provide service that is a fraction of the speed of current home Internet solutions. Cable Internet subscribers in many regions pay $30-$40 each month for download speeds in excess of 20-30Mbps and no finite caps on usage. In preliminary tests, Verizon’s LTE service achieved download speeds of less than 10Mbps with no load whatsoever on the network.

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Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.