Basking Ridge, N.J. - Verizon Wireless is getting into the residential broadband market with the nationwide launch of a 4G LTE broadband router and antenna, which is mounted on a home's exterior.

The service, called HomeFusion Broadband, is targeted to consumers looking for alternatives to their current service, particularly in areas with limited broadband choices, the carrier said.

Needed equipment, which costs $199 with included installation, consists of a 4G-equipped Wi-Fi router and an exterior cylinder-shaped antenna attached to a house. The antenna features multiple internal antennae to pick up the best LTE signal. The antenna in turn connects to the router, which connects to up to four Ethernet-connected devices and to at least 20 Wi-Fi devices in the home.

Average downlink data rates range from 5-12Mbps, and the uplink average is 2-5Mbps.

Service costs $60/month for 10 GB of data, $90/month for 20GB, or $120/month for 30 GB, with additional data usage costing $10 per 1GB.

The service and equipment will be available through Verizon Wireless stores as well as select authorized agents, a spokesperson said.

HomeFusion Broadband had been available in six markets since March.

Verizon's LTE service is available in 230 markets reaching more than two-thirds of the U.S. population.