Verizon to Use Spectrum Winnings for LTE

Verizon Wireless said that it will use its 700 MHz spectrum winnings from Auction 73 to deploy its 4G Long Term Evolution network. The winnings increase Verizon's spectrum depth from an average of 52 MHz to 82 MHz. Verizon Wireless plans to launch its LTE network in the 700 MHz spectrum in the 2010 timeframe.