Verizon to start offering iPhone to customers on February 10

Verizon announced at its New York City event this morning it has indeed nabbed Apple's iPhone, and will start offering the sought-after and previously AT&T-exclusive device to its customers on February 10.

iPhone 4 will cost $199.99 for the 16Gb model, requires a two-year contract,  and the data pak option. Version failed to mention whether the data pack would be an unlimited or limited plan.

According to Engadget, which is reporting live from the event, Verizon's variant of iPhone uses a CDMA rather than GSM radio, and it can be used as a mobile WiFi connection for up to five devices.

The phone will include an iOS-specific version of Verizon's 3G Mobile Hotspot - already available on Andorid phones - which will allow folks to hook into their phone through a tablet or laptop cord-fee.

Likely, more details will be announced a the February date looms closer. Until then, check out the Engadget hands-on with the phone here.

A rumor regarding Verizon getting iPhone started circulating the internet early last year, and the Wall Street Journal confirmed through a source last week that the grand news would be unveiled today .

According to Reuters, shares of AT&T fell 1.5 percent on Monday, due to the impending announcement of the Verizon iPhone deal.

Ralph de la Vega, chief executive of AT&T’s wireless business, told the Wall Street Journal earlier today it was "ready" to lose iPhone exclusivity because "the short- and long-term viability of AT&T will be good" whether its has iPhone-exclusivity or not because the firm is "much bigger than this".

Thanks, Engadget.