December 1, 2010

Verizon 4G LTE, Prepare to Pay $50 per Movie

Verizon 4G LTE is here. Prepare to pay $50 per Movie that you watch over the network.

After an eager wait, Verizon’s 4G LTE service was announced today and will become available for use on Dec 5.

Initial tests show that the service is fast (12 Mbps down, 6 Mbps up), Awesome!  This will make it the fastest mobile Internet in the US. While Verizon has some way to go before matching Tele2’s 80 Mbps 4G service (Sweden) or DoCoMo’s 37 Mbps 4G service (Japan), we can wait for those higher speeds. With Verizon’s excellent network coverage, this service should allow fast Internet access from remote areas, while in a car and while moving around. All adding to its awesomeness.

Speedtest by SlashGear

The fast mobile Internet will open up new applications such as always on live video feeds, video chat, video security from remote locations and more.

One major negative for the service though is its price – At $50 for 5 GB data you’d be paying $50 per movie that you watch over this network. And with $10/GB of overage, the charges will keep adding up. Each of these uses mentioned by Verizon

* Watch live TV in mobile HD
* Download HD movies to view later

will eat up the 5 GB in no time.

Will Verizon’s prices come down over time?  Hopefully, they will come down soon. Verizon’s only credible competitor, Clearwire WiMax, offers “unlimited” data plans. Hopefully, that motivates Verizon to a model of offering unlimited data for the $50.