Though its 4G coverage is quickly expanding, Verizon Wireless (VZ, VOD) doesn't plan on shutting...

|About: Verizon Communications (VZ)|By:, SA News Editor

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.