Verizon is announcing plans to spend $1B US in the next two years to develop a wireless broadband network that will offer 300– 500K speeds at $79.99 a month, starting this summer.
The network, which will use third-generation or "3G" technology provided by Evolution-Data Optimized (EV-DO), will be fast enough to allow consumers to download video and music as well as send video messages. The high-speed network, called BroadbandAccess, will be available to businesses and individual customers beginning in the summer of 2004. Since 2003, Verizon has operated wireless broadband networks in Washington, D.C., in a partnership with Lucent Technologies, and in San Diego with Nortel Networks.
