T-Mobile USA warned that plans to introduce new high-speed mobile technology could go badly wrong for consumers and companies.
Verizon Wireless (VZ) is currently working on a high-speed service for the end of this year, Reuters reported. The service will be based on an emerging technology known as Long Term Evolution (LTE). AT&T (T) plans to introduce an LTE service in 2011.
Verizon is expected to roll out a long-awaited fourth generation wireless network by year end, promising to boost data speeds by 10 times. But watch out. While it may mean sharing hi-def video, say, over cellphones, it could also give the carrier a reason to raise monthly fees.