Verizon, Samsung unveil 4G LTE network extender for homes and businesses

Verizon Communications, Inc. (NYSE: VZ) (NASDAQ: VZ) and the networks division of Samsung Electronics America, Inc. have unveiled a new 4G LTE network extender designed to enhance wireless voice communications and deliver data coverage for residential and business locations, the companies said.

Adding to the existing 4G LTE network extender for enterprise, the new 4G LTE network extender expands Verizon´s 4G LTE in-building coverage solution portfolio to include homes, small business locations, restaurants, smaller public safety offices and branch office locations.

The 4G LTE network extender features Samsung´s innovative small cell technology, which enables Verizon subscribers to make HD voice and video calls, access mobile data, and stream content from in-building locations where existing cellular coverage may not adequately reach. The product provides a cost-effective and simple-to-install solution to overcome the challenges of weak coverage in buildings with dense materials or located in remote areas.

Samsung Electronics America, Inc. (SEA) is a consumer electronics, mobile devices and enterprise solutions company. A wholly owned subsidiary of Samsung Electronics Co., Ltd., provides consumers and organizations with a portfolio of groundbreaking products in mobility, virtual reality, wireless infrastructure, wearables, electronics, and home appliances.

Verizon Communications Inc. employs a diverse workforce of 177,700 and generated nearly USD132 billion in 2015 revenues. Verizon operates a wireless network, with more than 112 million retail connections nationwide.