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Verizon: 3G is for prepaid

The strategy became readily apparent last summer when Verizon prepaid began offering a 3G smartphone plan. It was a rudimentary offering at first, overpriced and with few handset selections. Since then it has expanded, and in a year it went from offering 1GB of data for $80 per month to offering 2GB of data for $60 or 4GB for $70. Since LTE services are not offered on prepaid, it appeared that Verizon was aiming to keep its existing 3G CDMA network profitable by populating it with prepaid users, while using LTE for higher-ARPU postpaid customers. Yesterday CFO Fran Shammo confirmed the company’s plans. So if you’re on Verizon prepaid, don’t expect to use an LTE phone any time soon.

Via FierceWireless.