Verizon Wireless, owned jointly by Verizon Communications (VZ) and Vodafone (VOD), announced today that it would follow in the footsteps of Google's (GOOG) Android and Apple's (AAPL) iPhone in the expansion of its wireless network.
The telecommunications giant said it would like to see more than just mobile phones created for the network, including gaming devices and appliances. The blue-chip equity continued to state that it hopes to have new gadgets and gizmos on shelves by the end of 2008. The proverbial court is virtually open to anyone at this point, as Verizon will be talking to multiple hardware manufacturers in the coming months.
Speaking of Verizon's agenda, the company is coincidentally expected to bid on a mass of radio spectrum, slated to be auctioned by the FCC in 2 months. If things go as predicted, VZ will most likely be competing for the airwaves with Google, with the winner substantially strengthening its wireless network.
In light of the news, shares of Verizon closed with a gain of 0.56%, while Vodafone similarly tacked on 0.62%.