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Verizon shared data plans are due in mid-summer, target users with multiple devices
On a call discussing Verizon's Q1 earnings report, CFO Francis Shammo has once again touched on the company's promised shared data plans, targeting their launch in mid-summer. He also noted that he expected this to drive growth in the wireless business, because the plan is apparently designed to allow customers to easily add "other devices" to it. You can do your best to tease more meaning out of his statement from the full transcript at Seeking Alpha, we'll be carefully considering how many data hogs are allowed at our share house for the summer.
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.
