Boston, MA 05/20/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) seeks to attract new customers to its network as it retains existing ones. However, to do that the company needs to be different from its competitors. As such, the company has moved to upgrade its network to deliver faster speeds and enhanced capacity. The company’s potential game-changer is XLTE or Extra-fast LTE.
XLTE enhances the company’s network capacity and improves speed to meet the demand of the data-guzzling tablet and smartphone devices.
Although the Verizon led the transition to LTE and has the largest LTE coverage than rivals AT&T Inc (NYSE:T), Sprint Corporation (NYSE:S) and T-Mobile US Inc (NYSE:TMUS), recent times have seen it lose sleep despite its superior wireless network infrastructure. The rise in the number of smartphones and tablets connecting to its network has led to strain in its network speed that certain markets have been hit with poor speeds due to overwhelming traffic. As such, its competitors have in recent times claimed to offer the fastest LTE speeds, perhaps taking advantage of Verizon’s strained capacity and speed.
However, the company moved to fix the problem over its wireless capacity and speed through XLTE that puts greater speed in the hands of customers even in the busiest of locations like New York.
Costly affair
The rollout of the superfast XLTE network upgraded did not come easy for Verizon Communications Inc. (NYSE:VZ). The company spent billions of dollars to get the network upgrade done. However, it expects to recoup the investment and profits sooner than later as it expects to attract more subscribers seeking high-end wireless connection to its side. According to Verizon, XLTE doubles its bandwidth from coast to coast and that answers the need of many customers in the U.S.
Ambitious investment
Verizon Communications Inc. (NYSE:VZ)’s ambitious wireless investment continue to baffle many people from competitors to analysts. Despite fears that the U.S. wireless market is fast getting saturated, the company continues to pump more money into the market. Its $130 billion buyout of Vodafone from Verizon Wireless signaled the latest big move by the company to enhance its wireless capacity in the U.S. against the potential odds.
