Around half of Verizon's data traffic is on LTE, says CEO

Around half of Verizon's data traffic is on LTE, says CEO

Summary: Nearly half of all Verizon's wireless data traffic is down to its LTE customers, the cellular giant's chief executive tells reporters at CES 2013.

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TOPICS: Verizon, 4G
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Verizon chief executive Lowell McAdam told attendees at this year's CES 2013 that after two years following the launch of the company's 4G LTE service, nearly half of the company's data traffic flows through the next-generation mobile broadband service.

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Nearly 50 percent of all Verizon's traffic flows through the 4G LTE service, a figure that is significantly higher than the 35 percent mark in October, just four months ago, thanks to the release of the 4G LTE enabled iPhone a month earlier.

The near-half-way mark shows that U.S. consumers and businesses are becoming increasingly reliant on faster wireless speeds. 

According to McAdam, 23 percent of Verizon's customer base use LTE phones at the end of the fourth quarter -- including the lucrative December holiday period -- up from 16 percent in the third quarter. This means that less than half (some LTE phone owners will not have access to LTE speeds in their area) are accounting for nearly half of the company's cellular data traffic. 

Verizon's LTE coverage now blankets 89 percent of the U.S. with 4G coverage. The company's goal is to sunset its 2G and 3G services by 2021 -- just eight years away -- but considering how fast the LTE rollout is going and the rates in which users are jumping on the network, it's clear to see that the goal is far from unrealistic.

(via FierceWireless)

Topics: Verizon, 4G

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4 comments
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  • Good for them

    I'm currently upgraded from a 3G to LTE phone and the speed is just fantastic. It's faster than my old cable connection...albeit, Dial up was probably faster than my old cable connection. Just a small relatively local company that was just bad all around. I was paying for 15 mbps, but that fluctuated between 1.5 to 25 depending on time of day. Using LTE I get a steady 8, and I was lucky enough to still have an unlimited plan (although that new phone I mentioned? Unsubsidized. Ouch). That 8 mbps download speed pretty much knocks out anything I'd want to view on my phone.
    Aerowind
  • SMH...

    "The near-half-way mark shows that U.S. consumers and businesses are becoming increasingly reliant on faster wireless speeds. "
    *******************************************

    Gee, ya think?
    Hallowed are the Ori
  • Edge

    The other option is to pay the same service charges for edge speeds. Why wouldn't LTE dominate? Also, because of LtE Speeds, more traffic can FLOW through LTE.
    flyguy29
  • Given Verizon's very limited LTE coverage

    I find that statement completely non-believable. Verizon hasn't even completed retro-fitting 10% of their service area.

    Even with mayor cities, that 50% is not believable at all.
    wackoae