Verizon's EVP and CFO Fran Shammo, according to a report in FierceCable, said that while the telco anticipates higher churn for FiOS products during the summer months, he is "confident" the telco will achieve its goal of adding 600,000 new subscribers by the end of the year.
Verizon CFO Fran Shammo revealed on Tuesday that one-third of the carrier’s postpaid customers are now on one of its Share Everything plans, Fierce Wireless reported. The executive said that adoption of the plans has been better than expected and he believes they will continue to contribute to Verizon’s growth. Show More Summary
Verizon Communications (VZ) Q1 2013 Results Earnings Call April 18, 2013 8:30 a.m. ET Executives Michael Stefanski - SVP, Investor Relations Fran Shammo - EVP & CFO Analysts Jason Armstrong - Goldman Sachs Simon Flannery - Morgan Stanley John...Show More Summary
During Verizon's quarterly financials call, company CFO Fran Shammo let slip that of the 7.2 million smartphones that the company activated, 4 million of them were iPhones. He added that half of them were LTE-ready, which we can take to mean the iPhone 5, while the other half was mixed amongst the older devices in Apple's smartphone pantheon. Show More Summary
We’ve known for a while that carriers have been itching for a chance to ditch smartphone subsidies, but Verizon CFO Fran Shammo now expects that smartphone subsidies will decrease naturally over the next two to three years with no added cost to consumers. FierceWireless reports that Shammo on Monday told the the Deutsche Bank 2013... Read More
Verizon's Fran Shammo says the carrier sold a lot of iPhone 4s free-on-contract during the fourth quarter.
It is safe to say that Fran Shammo, Verizon Communications Chief Financial Officer, knows a thing or two about his company’s relationship with Apple Inc. (NASDAQ:AAPL) and its iPhone. After all, the wireless carrier and tech titan have a nice working relationship that is beneficial to both sides. Apple is actually the smart money’s second [...]
According to CFO Fran Shammo, Verizon will have LTE-only phones in the market by late 2014 and expects device subsidies to decrease in the next few years. Speaking at the Deutsche Bank 2013 Media, Internet & Telecom Conference, Shammo explained that the move to LTE-only devices in late 2014 will help reduce the cost of smart phones. Show More Summary
Verizon Communications Chief Financial Officer Fran Shammo said on Monday that Apple's free-on-contract iPhone 4 produced "a lot" of volume for America's Verizon Wireless, and despite high subsidy costs, the telecom will not offer incentives for sales staff to push low-cost alternatives.
We’ve known for a while that carriers have been itching for a chance to ditch smartphone subsidies, but Verizon (VZ) CFO Fran Shammo now expects that smartphone subsidies will decrease naturally over the next two to three years with no added cost to consumers. Show More Summary
Verizon CFO Fran Shammo spoke at the Duetsche Bank Annual Media, Internet & Telecom conference this morning and during his presentation was asked a few questions related to the iPhone. Last month Verizon reported its fourth quarter 2012 earnings with 9.8 million smartphone activations, a record 6.2 million of which were iPhone. We knew about [...]
Verizon Communications Inc. (VZ) Q4 2012 Earnings Call January 22, 2013 8:30 a.m. ET Executives John Doherty - SVP, Investor Relations Fran Shammo - EVP & CFO Analysts John Hodulik - UBS Mike McCormack - Nomura Kevin Smithen - Macquarie Tom...Show More Summary
The nation’s largest wireless carrier plans to complete its 4G LTE build-out by the middle of 2013, according to Verizon (VZ) CFO Fran Shammo. The company previously announced that its high-speed LTE network would match its 3G footprint by December of 2013. Show More Summary
Most of Verizon's strategy talk surrounding its long-term LTE plans has conservatively aimed at upgrading all existing coverage areas to 4G by the end of 2013. If we're to believe a CFO Fran Shammo presentation, the carrier may haveShow More Summary
Speaking at a conference with investors this morning, Verizon Wireless CFO Fran Shammo revealed that Verizon will roll out its LTE network completely by mid-2013. FierceWireless reports today’s timeline is six-months earlier than previous estimates released by Verizon. Verizon’s LTE network will match its 3G CDMA coverage area once the rollout is complete. Additionally, Shammo [...]
Verizon Wireless CFO Fran Shammo today said that the company's LTE 4G network will be fully built out by the middle of 2013. This is close to six months sooner than the company had previously said it would complete the network. According...Show More Summary
Verizon Communications Inc. (VZ) Q3 2012 Earnings Call October 18, 2012, 08:30 am ET Executives John Doherty - SVP, Investor Relations Fran Shammo - EVP & CFO Analysts Presentation Draft version. An edited version will be posted soon. Operator Good morning and welcome to the Verizon Third Quarter 2012 Earnings Conference Call. Show More Summary
CFO Fran Shammo had little to say to analysts this morning about Verizon’s planned video streaming service with Redbox, aside from the fact that it’s “very close to launching” this quarter and should improve his company’s profits next year. Show More Summary
Verizon Wireless isn't sweating its decision to kill unlimited data, and apparently, neither are subscribers. Speaking at an investor conference, Verizon CFO Fran Shammo said more people than expected are embracing the carrier's newShow More Summary
Verizon believes unlimited data plans are on their way out, the company's CFO told investors at a Goldman Sachs conference on Friday. "The good news here though is the dilution is not as much as we expected," said Fran Shammo, explaining how the company hasn't seen much attrition after dropping its unlimited data plan in May. Show More Summary