Verizon Wireless and Apple have just announced that the iPhone 4 will be available on the Verizon network beginning on Thursday, February 10. Verizon customers will be given the opportunity to pre-order CDMA iPhone 4 online on February 3, ahead of general availability.

The companies have signed a multi-year but non-exclusive deal. The device will be selling at standar $199 for the 16GB and $299 for 32GB. iPhone 4 on Verizon will include new Personal Hotspot capabilities allowing customers to use iPhone 4 to connect up to five Wi-Fi enabled devices. The phone works on Verizon 3G (EV-DO) only – 4G data or GSM roaming will not be available.

“We are pleased to introduce millions of wireless users to the industry leading iPhone 4 on the nation’s most reliable network,” said Lowell McAdam, president and chief operating officer of Verizon.

“This is an important step for the industry as two great companies join forces to give wireless customers one of the most important technological additions to the mobile landscape this century,” he added.

Tim Cook, Apple’s chief operating officer said: “Verizon Wireless customers have told us they can’t wait to get their hands on iPhone 4, and we think they are going to love it. We have enormous respect for the company Verizon has built and the loyalty they have earned from their customers.”

iPhone 4 features a 5 megapixel camera with LED flash, HD video recording, Apple’s A4 chip, a 3-axis gyro and a glass and stainless steel design. iPhone 4 also comes with iOS 4, which includes multitasking, folders, Game Center, AirPlay and AirPrint wireless printing.

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