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Verizon Dumps Qualcomm for Euro Upgrades

Stock quotes in this article: VZ , QCOM , ALU , NOK , MOT , NT , ERIC  

Verizon Wireless has chosen a European technology as its path to fourth-generation wireless broadband expansion.

The No. 2 wireless telco says it has opted for the Long Term Evolution, or LTE, network standard and has selected big gearmakers Alcatel-Lucent (ALU Quote), Ericsson (ERIC Quote), Motorola (MOT Quote), Nokia-Siemens, and Nortel (NT Quote) as its initial suppliers.

The LTE technology standard is built on Europe's Global System for Mobile, or GSM, system and is being developed by the Third Generation Partnership Project group based in France. ...

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