Verizon to start selling iPhone 4 in Feb.

NEW YORK (KABC) -- Verizon Wireless announced on Tuesday it will start selling a version of the iPhone 4 in early February, ending AT&T's exclusive grip.

The iPhone has been sold exclusively for AT&T's network in the U.S. since it launched in 2007, while most other countries had several carriers.

Lowell McAdam, Verizon's chief operating officer, made the announcement in New York with Apple COO Tim Cook. Apple issued its press release on the Verizon iPhone at 11:11 a.m. EST on Jan. 11, 2011, or 1/11/11.

"Today, we are extremely gratified and I can't think of a better word, to announce that early next month, the iPhone 4 will be a part of the great Verizon Wireless portfolio of products," McAdam said.

Sales will begin on Feb. 10 for the general public, with pre-orders starting on Feb. 3 for existing Verizon customers.

The arrival of the Verizon iPhone has been long expected.

After the announcement, AT&T released a statement: "For iPhone users who want the fastest speeds, the ability to talk and use apps at the same time, and unsurpassed global coverage, the only choice is AT&T."

If AT&T subscribers want to switch before their contract is up, they will be facing an early termination fee up to $325. They will also have to buy a new phone.

The Associated Press contributed to this story.

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iPhone, technology, new york, apple, steve jobs, save money / consumer news, ric romero

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