The Verizon Wireless engineers "were always there for us" through the development process, he said. He said the process worked much better than that of another U.S.-based wireless provider he would not name. Nomad left that unnamed carrier to work with Verizon, he added.

Higgins said that Verizon studied many innovation centers run by companies around the globe, and decided it was best to strip away patent, IP and revenue concerns. "When we analyzed other innovation processes, we found many companies haggling over IP, wasting time," Higgins said. "We have no rights for IP and we allow our partners to build their products."

LiveEdge will cost $42,500 for a small 1.5 pound box that fits on the back of a television camera.

The box, which measures about 4 x 5 inches, acts as an LTEtransmitter to send video to a $15,000 LTE box in the studio. The studio box can communicate with up to four field boxes. LiveEdge.tv will charge 35 cents a minute for data transmission.

In full, the LiveEdge price is about one-fourth of the cost transmitting news video over microwave technology, which has been in use for 40 years, Klingle said.