Verizon sets launch for delayed Motorola Bionic

Reuters News
Posted: Sep 07, 2011 11:14 AM
Verizon sets launch for delayed Motorola Bionic

NEW YORK (Reuters) - Verizon Wireless said it will start selling the high-speed Bionic phone from Motorola Mobility <MMI.N> on Sept 8, months after the device had been expected to launch.

The companies said the Bionic, which was originally slated to go on sale in the second quarter, will cost $299.99 to customers who opt for a two-year contract.

The Bionic is based on Google Inc's<GOOG.O> Android software and is Motorola's first phone to support a high-speed network Verizon Wireless is building based on new technology known as Long Term Evolution.

Motorola, which has lost ground to rivals such as Samsung Electronics Co Ltd <005930.KS> and HTC Corp <2498.TW> because of the delay, had warned in July that a delay until September would hurt its third quarter results.

Motorola agreed last month to be bought by Google for $12.5 billion. Verizon Wireless is a venture of Verizon Communications <VZ.N> and Vodafone Group Plc <VOD.L>.

(Reporting by Sinead Carew; editing by Derek Caney)