If you were hoping for some radical changes to Verizon’s business model in the near future, you’re probably out of luck. In the same conference call that we covered yesterday, Verizon CFO Fran Shammo not only explained how his company...Show More Summary
Verizon Communications has made it clear that it won't bring FiOS to any new markets, but CFO Fran Shammo told investors it would consider expansions once the current buildouts have given it the best return on its investment.
Verizon sees continual momentum for expanding its enterprise services outside of the United States, but according to Fran Shammo, EVP and CFO, the telco can do it without having to purchase other service providers.
Verizon would consider selling its unused 700MHz A Block spectrum at the right price, according to Verizon Communications CFO Fran Shammo. "The A spectrum is out there, and if someone walks up to me with an offer, we will entertain it," said Shammo in response to inquiries. Show More Summary
LONDON (Reuters) - Verizon Communications is open to selling its 'A' block of spectrum if someone makes an offer at the right price, Chief Finance Officer Fran Shammo said on Wednesday.
Verizon CFO Fran Shammo admitted that the carrier’s network quality has been compromised in some areas due to 4G LTE traffic, but a fix is on the way by the end of the year.
Customers getting dropped from LTE to 3G because of 'capacity constraints' Speaking at an investor conference, Verizon CFO Fran Shammo admitted that his carrier's network isn't offering a high enough quality of service in big cities....Show More Summary
Verizon and Comcast had some grand ambitions for their partnership, but all of that came to a halt when Verizon's CFO Fran Shammo announced last week during the Q3 earnings call that they closed down their joint innovation lab.
Apple’s iPhone 5c problems might be more international than reports originally indicated. Reuters spoke with Verizon CFO Fran Shammo who admitted that although iPhone 5s demand was high enough to nearly deplete Verizon’s stock, there are still plenty of iPhone 5c units available at the wireless carrier. Show More Summary
Earlier today Verizon reported its third quarter earnings. Afterwards, in an interview with Reuters, Verizon Communications Chief Financial Officer Fran Shammo said that Apple’s unapologetically plastic iPhone 5c “undersold expectations,” while adding that the iPhone 5s was in short supply. Show More Summary
NEW YORK (Reuters) - Verizon Communications Chief Financial Officer Fran Shammo said Apple Inc's iPhone 5C "undersold expectations" in the third quarter, while its pricier iPhone 5S was in short supply.
More people on Verizon's network want iPhones. That's the message from the company during its third-quarter earnings conference call this morning. Verizon CFO Fran Shammo reported that his company's customers activated 7.6 million new smartphones during the quarter. Show More Summary
Verizon Communications continues to make progress with its copper to fiber migration, potentially surpassing its initial 300,000 customer goal for 2013, Verizon CFO and EVP Fran Shammo told investors at this week's Oppenheimer conference.
Verizon Communications CFO Fran Shammo indicated this week that the company is pondering expansion into parts of Canada.
Deployment of VZ Edge expected to have no affect on financial results Following both the release of its new "Verizon Edge" upgrade plans and Q2 2013 financial results, Verizon CFO Fran Shammo had some interesting statements regarding the new upgrade scheme. Show More Summary
Verizon CFO Fran Shammo confirmed during the company's quarterly earnings call that Verizon Wireless was working on a new, more frequent phone upgrading scheme called Edge, but didn't elaborate much. As it happens, that was because Verizon's Wireless arm was just about to pull back the curtain on the program ahead of its August 25 launch.
Verizon Communications (VZ) Q2 2013 Earnings Call July 18, 2013 8:30 a.m. ET Executives Michael Stefanski - SVP, Investor Relations Fran Shammo - EVP & CFO Analysts Phil Cusick - JPMorgan Jason Armstrong - Goldman Sachs John HodulikShow More Summary
During a conference call with investors and the media, Verizon CFO Fran Shammo revealed that the carrier activated 7.5 million smartphones in Q2, adding that 27 percent of those activations were new Verizon subscribers. He also added that 3.8 million [...] Like It, +1, Tweet It, Pin It Original content from Ubergizmo.
CFO Fran Shammo said Verizon is indeed planning to launch a program called Edge, which will give customers the option to upgrade to new phones more often. We'll have to wait on the pricing details though.
Verizon Wireless is considering new ways to let customers pay for handsets, according to Verizon Communications Chief Financial Officer Fran Shammo. Speaking to media and investors, Shammo referred to Verizon Edge, a program previously a rumor that would allow customers to finance handsets over time. Show More Summary