Early reviews for the Verizon Wireless shared data plan have...
Early reviews for the Verizon Wireless shared data plan have been “great,” said Verizon Communications Chief Financial Officer Fran Shammo, during the company’s quarterly financial call with analysts. He noted that customer adoption of the new “Share Everything” plans, available…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
since June 28, has met expectations. “We are seeing a wide variety of customers and family share accounts opting into Share Everything, including existing smartphone customers with unlimited data plans,” Shammo said during an investor call Thursday. Subscribers get unlimited voice minutes and text under the new plans, but pay for a shared pool of data for up to 10 mobile devices. Public interest groups have criticized Verizon’s plans, as well as the similar “Mobile Share” plans AT&T announced Wednesday. The company had record wireless profits in the quarter, but saw weak results from its wireline products. Shammo also said Verizon is confident its AWS spectrum license purchase will clear FCC and Justice Department approval -- and that the deal will be completed this summer. The company is “ready to go” with the “auction” of its 700 MHz A and B spectrum licenses on the secondary market once the AWS purchase is completed, Shammo said.