April 6, 2010 - Verizon's chairman and CEO Ivan Seidenberg, said that "LTE will increase data speeds on wireless networks by up to 10 times, comparable to today's wired broadband solutions.  But the real transformative idea about 4G goes beyond the whole notion of a wireless "phone."  In the 4G world, wireless will connect everything:  not just people-to-people, but also people-to-machine and machine-to-machine".

"As 4G capabilities get embedded into our environment, there's really no limit to the number of connections that can be part of the mobile grid:  vehicles, appliances, buildings, roads, medical monitors, inventory on trucks or in warehouses or on supermarket shelves.  This "Internet of things" will infuse intelligence into all our systems and present us with a whole new way to run a home, an enterprise, a community or an economy", according to Ivan Seidenberg.

Further he said that "We're testing LTE as we speak and will start to deploy it throughout the U.S. later this year.  We are also jump-starting innovation in LTE handsets, equipment, software and machine-to-machine applications by opening up the development process to entrepreneurs and creating our own innovation lab.  And we are galvanizing the worldwide development community by forming a joint venture with China Mobil, Softbank and Vodafone - who, together with Verizon, have a combined 1 billion customers across four different continents.'

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