Verizon has launched its first Mobile Hotspot with 4G LTE support in the Samsung LTE Mobile Hotspot.

In terms of details, nothing overly surprising here as this seems more like a follow up to rumors and speculation. That said, the Samsung 4G LTE Mobile Hotspot is selling for $99.99 on a two-year agreement. Furthermore, those looking to avoid the two-year commitment also have the option to shell out $269.99 and purchase the modem at full retail. And for those wondering, if you go the contract route and cancel early, that means an early termination fee of $175.

Otherwise, the Samsung 4G LTE Mobile Hotspot modem offers what we have come to expect in a MiFi like device — the ability to get a few of your Wi-Fi enabled gadgets online at the same time. And in the case of the SCH-LC11, that means five devices at any given time using Wi-Fi 802.11 b/g/n connectivity. As for speeds, 4G LTE customers can expect to see download speeds between 5 and 12 Mbps and upload speeds between 2 and 5 Mbps. And worry not, because the Samsung 4G LTE Mobile Hotspot modem is backward compatible with the Verizon 3G network.

In terms of the device itself, it measures in at 2.32 x 3.54 x 0.45 inches, weighs in at 2.7 ounces and has a 1500 mAh battery that is said to be able to offer up to 216 minutes of connection time or stay powered up for up to 9 hours in standby. In addition, the modem sports a 4-color service status indicator LED.

Bottom line, if you want a Mobile Hotspot modem and are not always in a 4G covered area, the SCH-LC11 may be the way to go. As for data pricing, that starts at $50 per month for 5GB of data with an option to jump up to 10GB for $80 per month. As for overages, both rate plans come at $10 per GB once you go over your limit.

Read: Samsung 4G LTE SCH-LC11 Mobile Hotspot Modem Now Available [Verizon Launches The Samsung 4G LTE Mobile Hotspot Modem, Comes Priced At $99.99 On A Two-Year Agreement]