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MacRumors posted a story that The Verge has confirmed that the Verizon version of the iPhone 5 will not support simultaneous voice and data.



Verizon gave this statement to MacRumors:
iPhone 5 was designed to allow simultaneous voice calling on the Verizon Wireless network while browsing the Internet over WiFi. This is no different from the current iPhone 4S. Sprint has not yet confirmed whether its iPhone 5 will support simultaneous voice and data, but it uses the same physical hardware as the Verizon iPhone. The Verge assumes that it will be behave the same way.
  Verizon iPhone 5 Will Not Offer Simultaneous Voice and Data