at Investor's Business Daily (Fri, 6:41PM)
Though its 4G coverage is quickly expanding, Verizon Wireless (VZ, VOD) doesn't plan on shutting down its 2G/3G CDMA network until 2021, says a company exec. Verizon's timetable speaks to the lengthy shelf lives older mobile technologies have, and is something Qualcomm (QCOM) is probably pleased to see, since it usually charges a higher royalty rate to OEMs for sales of 3G-capable devices (whether or not they also support 4G) than 4G-only devices.
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