The product is currently in field trials in Phoenix, Arizona, by sports reporters covering the Major League Baseball All-Star Game, he said.

The product is designed to send video from a TV truck to a newsroom at about one-fourth the cost of using a microwave, Klingle said.

Having spent 700 hours with Verizon engineers perfecting algorithms for transmitting high definition video over LTE likely means that it will use Verizon's LTE network, Klingle said.

"But all I really want is the biggest, baddest, broadband I can get," he said. "When I started with Verizon, I told them they can't be exclusive."

But Klingle did note that Nomad would have to spend hundreds of hours with another carrier to port LiveEdge.tv to its network, thus giving Verizon's LTE a strong edge.