Verizon CFO Fran Shammo spoke at an investor conference Thursday where he said that not providing unlimited plans is "more customer-friendly."
Verizon hates unlimited data plans and has no plans to offer them to its customers. CFO Fran Shammo says customers who gravitate toward those plans "tend to be abusive."
Shares of Verizon Communications (VZ) are up 13 cents at $52.70, after the company late yesterday said its chief financial officer, Francis “Fran” Shammo will retire at the end of this year, and named as his replacement the head of finance for its wireless and wireline business units, Matthew Ellis. Verizon CEO Lowell McAdam called Shammo “a […]
A little over a year and a half ago, Verizon CFO Fran “ShamWow” Shammo told the world that his company was a “leader” not a “follower” and that they wouldn’t be jumping on the rollover data bandwagon. If the image below, along with a...Show More Summary
With even AT&T bringing back unlimited data plans on a limited basis, does this mean Verizon will soon cave and bring back unlimited data plans in some form? Sadly, you shouldn't count on it. Via DSLReports, Verizon CFO Fran Shammo told...Show More Summary
Verizon Wireless customers will be able to watch go90 video content for free beginning this week, according to CFO Fran Shammo. Verizon first said it would zero-rate the go90 video content early last month thanks to support from its FreeBee Data 360 sponsored data service. Show More Summary
A couple of weeks ago, AT&T grabbed a bunch of headlines when it re-introduced an unlimited data plan that has limited availability. Today, following Verizon’s quarterly earnings call, the company’s CFO Fran “ShamWow” Shammo was asked by CNET if they planned to bring back their own unlimited data offering. Show More Summary
Verizon has made it clear that its customers shouldn’t keep their fingers crossed for unlimited data to return. The company’s CFO Fran Shammo confirmed in an interview following its fourth-quarter earnings report that for now Verizon has no plans of launching any unlimited data offering for its customers. Show More Summary
Not even a year after Verizon CFO Fran Shammo declared that the company is a “leader, not a follower,” Verizon is making it very clear that it lives in a Bizzaro world where “leader” means “do things that other companies did first.” This time, Big V is demonstrating its “leadership” by following in the footsteps of other companies that have …
Verizon Communications CFO Fran Shammo says the company might be interested in acquiring Yahoo’s core internet business. That business includes Yahoo’s mail, news, and sports sites, along with its advertising technology. “If we see there...Show More Summary
Verizon Communications Inc. would explore a possible acquisition of Yahoo! Inc. if a deal made sense, Verizon Chief Financial Officer Fran Shammo said. Shammo, speaking at an investor... To view the full story, click the title link.
For mobile Millennials, there's something more important than sleak phone designs or cool hardware like high definition cameras and unbreakable displays. Verizon CFO Fran Shammo, Millennials discussed this on the company's quarterlyShow More Summary
Verizon is working on a new mobile and online video service which it claims will be unlike any other service that’s available right now, the company’s CFO Fran Shammo says that they’re still busy with figuring out the business model and pricing. Show More Summary
Verizon does not plan to purchase Dish Networks, according to CFO Fran Shammo. When asked by the Wall Street Journal, Shammo responded, "My answer is going to be one word: No." AT&T is near to closing its acquisition of Dish competitor DirecTV. Show More Summary
Verizon Communications has no desire to sell the Huffington Post or buy Dish Network, Chief Financial Officer Fran Shammo said at a Wall Street Journal conference Monday.
Verizon Wireless will not follow AT&T and T-Mobile's data rollover programs with one of its own. "We're a leader, not a follower," said Verizon CFO Fran Shammo. AT&T and T-Mobile allow customers to roll unused data over to the next month. Show More Summary
Apparently net neutrality will have an impact on Verizon's future investments--much as it will for other telcos--Verizon CFO Fran Shammo has clarified.
If you’ve been holding out for FiOS as an alternative to your current Internet provider, it might be time to start working on a new strategy. DSLReports has shared a quote from Verizon CFO Fran Shammo that appears to suggest that the dream of widespread FiOS expansion is dead. Show More Summary
In what must be music to T-Mobile CEO John Legere’s ears, Verizon has once again told us that it won’t be lowering our wireless bills just to better compete with T-Mobile. FierceWireless reports that Verizon CFO Fran Shammo said during...Show More Summary
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