Verizon And Lte -- Engadget Mobile. Long Term Evolution (LTE) is another acronym you will have to learn starting in 2010. It is the Fourth Generation mobile phone standard, and it will be 7 times faster than what you are using now. Verizon will layer the new speedy network over its existing CDMA network, so the transition should be seamless. You will still be able to use your existing smart phone, until you can't resist the upgrade to an LTE phone. While the real world speeds won't likely be the promised 7 Mbps down and 5 Mbps up that the standard promises, they will be light years ahead of the 1 Mbps of the current EvDO network. Of course, only major metro areas will be covered by Verizon at the beginning, and the complete rollout will take a couple of years. However, smartphones certainly are becoming the REAL personal computers of the new Millennium.