Verizon CFO reaffirms next iPhone will be ‘world phone’, LTE status unknown

By on May 19, 2011 at 2:46 PM.

Verizon CFO reaffirms next iPhone will be ‘world phone’, LTE status unknown

In an interview with Reuters, Verizon Communications’ chief financial officer, Fran Shammo, reaffirmed several details about his company’s next iPhone offering. “Verizon’s [next iPhone] version will also work in as many countries as AT&T’s iPhone, which has global coverage,” writes Reuters, paraphrasing Mr. Shammo. The executive also noted that the inclusion of LTE in the next CDMA iDevice is not something Verizon has control over. “I think it’s a bigger issue for Apple than it is for us,” said Shammo speaking about the need for an LTE iPhone. “Depending on where Apple plays, that’s where we’ll sell.” The latest rumors have Apple releasing a refreshed version of its smartphone product later this fall. Most pundits agree that the update wil not include a Verizon-compatible LTE radio. More →

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Verizon to offer family data plans; move to tiered data pricing for all customers this summer

By on May 19, 2011 at 1:05 PM.

Verizon to offer family data plans; move to tiered data pricing for all customers this summer

In a report today, Reuters noted that Verizon Wireless’ cellular data offerings are in for a major overhaul. “Verizon Wireless plans to kick off pricing changes this summer by eliminating smartphone plans that allow unlimited Web access for a flat fee,” reads the article. “It will replace them with tiered pricing that forces heavy data users to pay more for mobile data.” The report goes on to paraphrase Verizon Communications’ CFO, Fran Shammo, who explained that “after this change, which forces heavy data users to pay more, the company will look to soften the blow by offering more options such as family plans for data services.” Currently, Verizon Wireless smartphone users with family plans are required to pay $29.99 per line for cellular data. Non-family-plan smartphone customers can purchase unlimited mobile data (with a 5GB allowance) for the same monthly price. More →

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Verizon Wireless will move to tiered data plans this summer

By on March 1, 2011 at 2:00 PM.

Verizon Wireless will move to tiered data plans this summer

Speaking at the Morgan Stanley Technology, Media, and Telecom Conference this afternoon, Verizon CFO Fran Shammo told investors that Verizon Wireless plans to move to tiered data plans in the near future. The plans, which could roll out as early as this summer, may be based on consumption, speed, or a combination of the two. “We are still working on the models,” said Mr. Shammo. The CFO mentioned that Verizon Wireless consciously decided against a tiered data option with the recently launched iPhone 4, noting that the company did not want to dissuade any potential buyers. When asked about the unlimited $30 data plan currently being offered for smartphones, Mr. Shammo quipped, “Everyone knows that isn’t long-term. We will move to tiered pricing in the mid-summer time frame.” What do you think Big Red customers? Sound off in the comments. More →

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