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In a study conducted by the independent financial research firm TownHall, AT&T would have to spend $5 billion on its network to equal the wireless coverage that Verizon has. Verizon and Sprint have spent more on their network per customer in the last 4 years than AT&T has, resulting in more reliable wireless networks.
via: Analyst: AT&T needs to spend $5 billion to catch Verizon's coverage | Phones | iPhone Central | Macworld