News by Andrew Kameka on Wednesday November 13, 2013.
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Verizon Wireless has spent the past few years hammering its contention that it has the nation's largest 4G LTE network, but the carrier now admits that it struggles to keep up with those demands in large cities. While speaking to investors, Verizon CFO Fran Shammo said:
"There are certain pockets where we're absolutely going to experience that down tick from the LTE network down to 3G because of capacity constraints."
Shammo's comments were rare considering Verizon's previous statements about having the best network. Verizon maintains that it has the most reliable network in the US, but concedes that its 4G LTE performance in large cities like New York, San Francisco, and Chicago is not up to par. Verizon has been one of the most aggressive carries at transitioning its subscriber base to LTE-capable handsets, and that has led to massive growth in traffic. Verizon revealed last month that 64 percent of network traffic is over LTE.
Fixing Verizon's woes in densely-populated areas will require more spectrum and equipment deployment. Verizon has spent an additional $500 million to improve coverage and expects to have its issues resolved by the end of the year.source: CNET
Andrew is based in Miami, Florida.