Apple insiders speculate that the company will release a 4G LTE version of the iPhone on Verizon’s network as soon as January 2011. That’s right, “Verizon managers are being trained to handle the iPhone and have functional units running on Verizon’s 4G LTE networks.”

The iPhone will be equipped with a multi-band chip that will work on Verizon’s large CDMA 3G network as well as the 4G LTE. All marketing for the Verizon iPhone will be for the 4G compatibility.

[via CNet]