Reporting its third-quarter results on Friday, Verizon Communications said that even though its profits for the quarter witnessed a drop year-on-tear, the figures still managed to beat the analysts’ estimates.

With the Samsung Galaxy Tab scheduled to hit the markets November 11, Verizon Wireless has recently defended the $600 price-tag of the tablet saying that the device will require no service contract, and that it will come with embedded Wi-Fi as well as 3G cellular service.

Despite the fact that rumors about a Verizon iPhone have recently gathered momentum, especially with The Wall Street Journal (WSJ) fervently publishing a series of articles about the iPhone’s CDMA version, tech experts are of the opinion that the prospective Verizon iPhone will be crippled.

At the CTIA Enterprise & Applications show on Wednesday, Verizon Wireless announced that it intends rolling out 4G LTE coverage for nearly 70 percent of the US population – or 110 million Americans - by the end of 2010.

At the CTIA Enterprise & Applications show on Wednesday, Verizon Wireless announced that it intends rolling out 4G LTE coverage for nearly 70 percent of the US population - or 110 million Americans - by the end of 2010.

In what apparently is the latest Verizon iPhone rumor, the Wall Street Journal (WSJ) Wednesday reported that Apple will likely begin the mass production of a CDMA-based iPhone by the end of 2010. CDMA is the wireless technology that is currently used by Verizon.

In a recent announcement, Verizon Wireless said that its customers will be able to purchase the “Fivespot” portable global-ready mobile hotspot from Thursday, October 7, 2010.

In what apparently will be the largest refund in the history of consumer telecommunications, Verizon Wireless said in a Sunday statement that it will reimburse up to $90 million to nearly 15 million of its subscribers who had been mistakenly charged for data sessions.

According to a recent Wall Street Journal report, US’ leading mobile carrier, Verizon Wireless, plans to discontinue the sale of its unlimited data plans to new customers; and introduce, in their place, two service plans with monthly data caps.

As per the report, Verizon will likely roll out new data plans in the coming four- to six-month period.

According to a report from The Wall Street Journal, the Verizon Wireless chief executive Ivan Seidenberg told an audience during an investor conference on September 23 that the carrier intends introducing a tiered pricing plan for data in the coming six months.