Verizon CFO: We're Weighing Device Payment Options
Verizon Wireless is considering new ways to let customers pay for handsets, according to Verizon Communications Chief Financial Officer Fran Shammo. Speaking to media and investors, Shammo referred to Verizon Edge, a program previously a rumor that would allow customers to finance handsets over time. Shammo said that the company has held a number of focus groups over the last six months regarding device purchasing and frequency of device upgrades, and plans to offer new options soon. Shammo said that Verizon Wireless will have more specific information on Edge and handset financing/upgrade plans in the near future.
from Verizon Communications
Verizon Says No Data Rollover Programs In Its Future
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.
Verizon Not Interested In Buying Dish
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.
Verizon Trots Out Galaxy S7 Upgrade Plan
Verizon Wireless today announced the Verizon Annual Upgrade Program beginning with the Samsung Galaxy S7 and S7 Edge. The upgrade program allows customers who finance the S7 or S7 Edge to trade in their phone and upgrade to a new phone every year.
Verizon Exploring Tower Sale
Verizon Wireless is weighing whether or not to sell its cell towers to a third party, reports Reuters. Earlier this month Verizon's Chief Financial Officer Fran Shammo indicated the company is interested in such an idea.
Verizon's Mobile Video Offering to Be Partially Supported
Verizon Wireless is preparing to release an over-the-top mobile video service this summer and it will be supported by sponsored data. This means Verizon's wireless customers will be able to enjoy at least some of the programming without it counting against their monthly data bundle.