As LTE becomes the de facto mobile data standard, Solis says that consumers can expect more intense competition to lower prices for mobile data across the board since consumers won't be forced to go with Verizon anymore if they want access to the fastest mobile broadband technology. Right now he says that some LTE data plans are pricey since carriers want to recoup some of the capital expenditures they've paid to build out their networks. But as more and more users sign up for the services, the cost of delivering data will go down and carriers will face pressure to lower rates.

Solis' comments on competitive pressure in the LTE market jibe with , who said that this week that carriers are able to charge a premium for LTE because it's seen as more of a cutting-edge technology. Like Solis, Saracco predicted that prices would come down once more LTE networks came online and carriers faced stronger competition.

LTE, which stands for Long Term Evolution, is essentially a bridge from 3G technologies such as HSPA+ and EV-DO Rev. A to the 4G IMT-Advanced technologies that the International Telecommunications Union (ITU) says will deliver consistent speeds in the 100Mbps range.

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