website statistics

Verizon Chief Financial Officer (CFO) Fran Shammo told attendees at a Goldman Sachs investor conference in New York on September 20 that 'Unlimited is just a word, it doesn't really mean anything.'
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

Verizon Wireless officially unveiled its “Share Everything Plans” on June 12 that allowed (still allows) customers to share data plans with up to 10 different mobile devices. Verizon’s Share Everything Plans start from 1 GB internet with unlimited shared minutes and shared messages for $50. As the new plans have attracted customers, so they are moving (changing their plan) to Verizon Wireless’ “Share Everything Plan”. Recently, on September 20, Verizon Chief Financial Officer (CFO) Fran Shammo told attendees (a lot of customers) at a Goldman Sachs investor conference in New York that ‘Unlimited is just a word, it doesn’t really mean anything.’


Verizon Wireless Logo, Image Credit : Wikimedia

Before you go deep, why don’t you have a look at the Verizon Wireless’ ‘Share Everything Plan’ below.

Verizon Wireless' Share Everything Plans

Verizon Wireless customers have realized that they don’t consume that much data. So paying extra money is not logical. Besides, the new plans have attracted  customers to change their plan because it can fulfill their demand. Hence, many customers who have unlimited plan are shifting to Share Everything Plan. Fran Shammo said, “We are surprised on shared from many different aspects. …More people are going to shared than we actually anticipated. And the thing that really surprised us is we have a lot of people coming off unlimited to go to shared.”

On the contrary, the carrier stopped offering unlimited data to new customers last year, due to growing smartphone usage, blocking the carrier’s pipelines. Shammo said, “What customers are understanding and through our good sales routine is once you explain to a customer their usage on a monthly basis, unlimited is just a word, it doesn’t really mean anything and that people don’t really – I think a lot of consumers think they consume a lot more data than they really do. Unlimited is just a word, it doesn’t really mean anything. So that whole unlimited thing I think is going by the wayside and they see the benefit of going to the shared.”

But those existing customers who would like to have unlimited data can keep their unlimited data plan, only then, if  they pay full price for the newly released 16GB iPhone 5 (price $649). But new customers aren’t able to get the unlimited data plan; rather they have only one option – Share Everything Plan.

If you would like to hear Shammo’s full comments, then you can listen to the official webcast at the Goldman Sachs 21st Annual Communacopia Conference page. You can also get the full transcript (PDF) online, too.

Source : Verizon Wireless (PDF)
Thanks To : 9to5mac

Buy Cheapest Related Product From Amazon.com


iPhone 5 Has Been Jailbroken Already

Verizon iPhone 5 Is Unlocked OTB, Supports GSM Networks Of AT&T And T-Mobile
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On September 23, 2012(3 years, 9 months ago.)

You May Also Like:

What Do You Think?

2 Responses

  1. Dan Maher Says:

    Verizon Wireless is high on their own supply. What BS and total spin from Fran Shammo refusing to acknowledge their mistake. Unlimited customers are not happy they are being forced to share everything if they want to upgrade their phone for the same subsidized price as every other customer. Verizon knows that our data usage is only ever-increasing and their argument that we don’t use that much data is flawed even if true for lots of us today. Hmm. Give me a shiny new generation smartphone with 4g, I think I’m going to use more data, oh and my wife and daughter too. Hey, and my tablet! let’s share our limited data! They think we’re stupid.

    Posted on September 23rd, 2012 at 11:11 AM

  2. Asif2BD Says:

    Nicely said.

    Posted on September 23rd, 2012 at 1:06 PM

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

CiderTV is a great alternative to control Apple TV from the Notification Center. Check out this tutorial to set up CiderTV on your iPhone.
Are you annoyed by the split screen mode on the iPhone 6 Plus or 6s Plus? Check out this quick tutorial to turn off split screen feature.
If you could not wait to installed the iOS 10 beta version on you iPhone and now struggling for the errors, then this tutorial is for you.
Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Google released 'Ambient Display' feature with Android 5.x Lollipop. Check the tutorial to know how to turn off Android’s Ambient Display .
Have you recently got your 3D Touch iPhone 6s and struggling to delete apps? Go through the tutorial to learn how to delete or move the apps.
Just read this tutorial by yourself and from now on, we will show you, how you can make your iOS device read text loudly for you.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook