Last week it was reported that the Verizon iPhone 5 is being sold with
an unlocked SIM slot, allowing users with a nano-SIM or a trimmed
micro-SIM from a GSM carrier such as AT&T to use the device on their
networks. The Associated Press confirmed with Verizon that it will not
remotely relock their iPhone 5 models. Last year, Verizon would only
unlock their iPhone 4S models after 60 days.
It's worth noting that though the Verizon iPhone 5 will work on AT&T
and T-Mobile's 3G network for voice and data, the phone will not work
on AT&T's LTE data network. It will work on a number of international
LTE networks. Apple's LTE information page details the bands that each
specific model of iPhone 5 supports.
https://ecfsapi.fcc.gov/file/7022023963.pdf
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