Verizon Plays Catch-Up With AT&T in Wireless Network Speed

The companies spend billions to update their LTE networks
The Verizon Building in Manhattan, as seen from Brooklyn on June 6Photograph by Andrew Burton/Getty Images

Verizon Wireless is America’s most heavily used mobile-phone carrier, with 93 million monthly subscribers (second-place AT&T has 71 million). The telecom has continued to attract more new customers than its biggest rivals in recent quarters with ad campaigns that boast about its network’s speed. The only problem is that Verizon’s network can’t always handle the traffic load, and in some cases the subscriber connections have slowed dramatically.