Verizon Wireless will start stocking Apple's iPhone 4 smartphone from next year, two people familiar with the plans have said.
This will end AT&T's exclusivity on the device in the US.
Verizon Wireless, which currently offers a variety of Android-based smartphones and others, is looking to expand its market in the US through a partnership with Apple and the iPhone might prove to be the perfect platform for Verizon Wireless to introduce its proposed high speed 4G mobile broadband network.
According to first quarter figures, Verizon has around 92.8 million customers and, with this deal, analysts expect that the the company would be able to sell around 3 million iPhones.
John Hodulik, UBS AG analyst based in New York stated: “Apple is going to dramatically increase the number of devices it sells in the U.S. when exclusivity at AT&T ends. It's hard to ignore the quality issues that AT&T has faced.”
On the other hand, this isn't the first time this rumour has surfaced and "two people familiar with the plans" are hardly credible sources.