Found this link... 4G LTE Frequently Asked Questions (FAQs) - Verizon Wireless

The claim of ..."Average network-to-device speeds, or downloads, will range from 5 to 12 Mbps."

I've have a 4G phone and used in 4G coverage areas since they were first introduced. I've never experienced speeds nearly this fast at anytime, anywhere. The best I've seen was still less than 3 Mbps