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Lowell McAdam, president and chief operating officer of Verizon, left, and Tim Cook, chief operating officer of Apple, at Jazz at Lincoln Center on Tuesday.

New York– Ending months of feverish speculation, Verizon announced on Tuesday that it would begin selling a version of the iPhone 4 early next month.

“Today, two industry innovators are coming together to deliver something consumers have been hungry for for years,” said Lowell McAdam, the president and chief operating officer of Verizon, at a news conference at Jazz at Lincoln Center in Manhattan. “We are bringing to market the fruit of our strategic partnership with a giant in the market, and that is Apple.”

Apple had to create a new version of the iPhone 4 for Verizon because its network uses a technology known as CDMA, as opposed to the GSM technology used in all existing iPhones.

Read entire article at NYtimes.com

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