Galaxy Nexus 4G LTE goes on sale Thursday

Samsung’s Galaxy Nexus smartphone will finally be available on the fourth-generation LTE network of Verizon Wireless, starting Thursday.

The much-anticipated handset will be available online as well as at Verizon stores for $299.99. Buyers will have to sign a two-year service agreement with the network provider.

Verizon confirmed the release of the Galaxy Nexus 4G late Wednesday, following days of speculation that the smartphone was being delayed due to a dispute between Verizon and Google over the Google Wallet app that does not work on Verizon's version.

Verizon’s fourth-generation LTE network will offer download speeds of up to 12Mb per second.

The carrier also announced that it would double the amount of data offered with its 4G LTE smartphones for limited time period. Subcribers of the $30-per-month data package would get 4GB of data instead of the 2GB.

The Galaxy Nexus features a dual-core 1.2GHz processor, a 5MP rear-facing camera, a 1.3MP front-facing camera, an HTML5 Web browser 4.65-inch HD Super Amoled Contour screen that offers a resolution of 1280 x 720 pixels. It measures 5.3 inch by 2.67 inch by 0.37 inch in dimensions, and weighs merely 5.3 ounces.