While the imminent introduction of Verizon's 4G smart phones created a good bit of buzz at CES, the highly anticipated Verizon iPhone will likely run on the company's existing 3G network, at least initially, says Maggie Reardon, lead telecom reporter for CNET News.com in this interview with Beet.TV

Whether the iPhone will run faster on Verizon than on AT&T, is not yet clear as Reardon says that some Verizon customers in New York and San Francisco are finding unsatisfying speeds with their Android devices.

For fast connectivity, the 4G devices are in a different league, connecting as speeds approaching wired broadband, she says.  

Update: 1/11 Verizon announced its iPhone and it will run on 3G.

Andy Plesser