Verizon has acquired the right to sell the iPhone starting February 10 with pre-orders beginning on February 3, the company announced this morning. The iPhone will connect to the CDMA network and will be $199 for the 16GB model and $299 for the 32GB model (with a 2-year contract and required data plan, of course).
Verizon is offering the smartphone with a mobile hotspot that supports up to 5 devices. Pricing for the mobile hotspot was not announced but current Android smartphones include this feature for an additional $20 per month. This charge is on top of the unlimited data plan which is available for $30 per month. Presumably, the mobile hotspot will be a Verizon-exclusive app that enables this functionality.