LG teaming up with AT&T for 4G LTE smartphone

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LG teaming up with AT&T for 4G LTE smartphone

LG Electronics said yesterday that it will release a new smartphone that runs on the high-speed, long-term evolution (LTE) networks via AT&T.

The upcoming smartphone will be LG’s second LTE handset in the U.S., LG said in a statement.

LG has been rushing to beat rivals in the fourth-generation (4G) wireless market after losing significant ground in the 3G smartphone race.

LG’s mobile business posted a sixth straight quarterly loss through the third quarter.

Though it was a latecomer in the smartphone market, LG hopes to narrow the gap with market leaders as mobile carriers around the world begin servicing 4G networks to meet demand from data-gobbling smartphone users.

AT&T said it will launch the LG Nitro HD smartphone, also known as the Optimus LTE, on Sunday.

The smartphone will be available for customers at $249 with a two-year contract.

The model features a high-definition 4.5-inch screen that displays vivid and natural color, LG said.

The Android-based smartphone is powered by a dual-core 1.5 gigahertz processor.

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