AT&T Still Holding on to iPhone Exclusive Verizon CEO Says

Looks like Verizon Communications (NYSE:VZ) will have to wait even longer for the

iPhone according to comments from their CEO Ivan Seidenberg earlier today. Speaking to investors at a Goldman Sachs conference, Seidenberg said nothing about an iPhone for the company's current network, but said he hopes Apple Inc. (NASDAQ:AAPL) will come around and allow Verizon to sell the phone for a new network it is building. The "4G" network hasn't yet opened for service and won't be complete next year.

Reports regularly surface of an upcoming iPhone version for Verizon's network, but so far AT&T Inc. (NYSE:T) has kept its exclusive right to sell the phone in the U.S. Verizon Wireless, meanwhile, has been promoting phones from Motorola Inc. (NYSE:MOT) and HTC Corp. that run Google Inc.'s Android software as an alternative to the iPhone.

"We don't feel like we have an iPhone deficit. We would love to carry it when we get there, but we have to earn it," Seidenberg said.

"I think 4G will accelerate the process, and any other decisions Apple makes would be fine with us," he added. "Hopefully, at some point Apple will get with the program."

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AT&T Still Holding on to iPhone Exclusive Verizon CEO Says

By: Ronald Russo

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