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Verizon CFO buries his head in the sand, claims unlimited data is 'going by the wayside'
"La la la la. I can't hear you." Verizon's CFO, Fran Shammo, might've just as well made those comments with his hands firmly cupped over his ears, as the firm's chief number cruncher told attendees at today's Goldman Sachs investor conference, "Unlimited is just a word, it doesn't really mean anything." While Sprint and T-Mobile would certainly take issue with that statement, Shammo then dug the hole deeper by saying, "That whole unlimited thing, I think, is going by the wayside." These comments were made in the context of Shammo playing up the carrier's shared data plans, wherein he explained his belief that consumers "think they consume a lot more data than they really do." Shammo also revealed that Verizon has converted more subscribers and devices over to the new scheme than it'd initially anticipated. Naturally, change within any industry takes time, but now that Sprint is in a position to offer unlimited data at a meaningful speed and T-Mobile has climbed aboard the bandwagon, Verizon may have to change its tune if a significant number of consumers decide that unlimited isn't dead after all. You can view the entire transcript at the source link below, but consider this: would you take unlimited plans into consideration when shopping between carriers, or is Mr. Shammo right that consumers really don't use that much data? Give us your thoughts in the comments below.
Verizon CFO says grandfathered unlimited plans on the way out
Verizon Communications CFO Fran Shammo shattered many a hopes and dreams today speaking at the J.P. Morgan Technology, Media and Telecom conference. During his address, Shammo indicated that customers who have been grandfathered in to the unlimited data plan may soon find themselves pushed into tiered territory, with the debut of the carrier's shared data plans. "Everyone will be on data share," Shammo said, clarifying that, "a lot of our 3G base is on unlimited... [and] when they migrate off 3G they will have to go to data share." Obviously, with many customers clinging desperately to their truly unlimited usage in the shift to LTE, such a move would ruffle more than a few feathers. It's not clear if this will affect customers who have already made the leap to LTE devices or if it will be limited to customers migrating from 3G phones after a particular cut off date. We've reached out to Verizon for comment, but so far Big Red is keeping mum. We'll just have to take Shammo at his word for now. We hope you like data caps. To hear the comments in full hit up the source link. Update: We just finished listening through the entire webcast (we're still waiting for the transcript) and found the quote that is going to make most customers shake their fists in anger: "LTE is our anchor point for data share. So, as you come through an upgrade cycle and you upgrade in the future, you will have to go on to the data share plan. And moving away from, if you will, the unlimited world and moving everyone into a tiered structure data share plan." Doesn't get much clearer than that, but we're still hoping Verizon will come back and say Shammo was speaking out of turn... fingers crossed.
Verizon CFO says shared data plans coming mid-year
We've already heard from Verizon's CEO Lowell McAdam that the carrier was planning to offer shared data plans. And leaks have indicated that the carrier is already prepping its backend system for the change. Now CFO Fran Shammo has narrowed down the time frame a bit for us, telling a group of investors that family data plans should debut towards the middle of the year. But, he was quick to clarify this isn't as simple as setting a launch date. The shift to the new billing system will take time and not everyone will be migrated on day one. Still, Shammo indicated it will be an important part of the ongoing transition to 4G and its future plans for mobile dominance.Update: We mistakenly identified Fran Shammo as the CTO when, in fact, he is the CFO.
AT&T Mobility's Ralph de la Vega: shared data still in the pipeline
Back at the D9 conference last summer, Ralph de la Vega announced AT&T's intentions to bring shared data plans to subscribers. At the time, the AT&T Mobility CEO was coy about a specific launch window for the service, saying only that users could expect the feature sometime soon. We're already well into the new year now and it appears de la Vega still hasn't changed his timing tune. In a post-keynote interview, he revealed the carrier's continued commitment to providing the feature, while also acknowledging the inherent difficulties in bringing it to market. When it does eventually go live, subs can look forward to spreading those MBs across devices (phone and tablets, anyone?), as well as fisticuffing with data-hoggy family members.
