You heard right. The New iPad supports 4G LTE on both AT&T and Verizon in the US and other countries that also have 4G. Other carriers such as Rogers, Bell, and Telus support it as well. The iPad will not however support both AT&T and Verizon on the same device because of the different bands they both use. The new iPad supports 21Mbps HSPA+, 42Mbps DC-HSDPA and 73Mbps LTE connections. That is a pretty fast iPad and now they let you share it with your other devices as a mobile hotspot as long as your carrier supports it.