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Fran Shammo

Latest Headlines

Latest Headlines

Verizon rules out buying América Móvil's assets, while AT&T could face hurdles to bidding

Verizon Communications is not going to bid for assets that América Móvil is going to sell off, according to CFO Fran Shammo. Meanwhile, thanks to rules being put in place by Mexico's telecommunications regulators, AT&T could face hurdles if it decides to acquire some of the assets.

Shammo: Verizon will increase FiOS video rates in Q4 to offset rise in content costs

Verizon Communications plans to increase the price of its FiOS Video service in the fourth quarter to offset the hike in content licensing fees that will go into effect Jan. 1, said a top executive today.  Speaking to investors during Verizon's third quarter earnings call, company EVP and CFO Fran Shammo said that the FiOS Video price hike is something the company did in fourth quarter 2013 and it will do again in 2014.

Verizon again leans on tablets for postpaid subscriber growth in Q3

Verizon Wireless added more postpaid subscribers in the third quarter than financial analysts had expected, and the growth was again largely driven by tablet activations, not phones. Just as it did in the second quarter, in the third quarter Verizon relied heavily on tablet activations for the vast majority of its subscriber additions.

CenturyLink seeks FCC approval to shut down Frame Relay, ATM service

CenturyLink is seeking to shut down its legacy Frame Relay and ATM services in both its Embarq and CenturyTel affiliate regions, reflecting the service provider industry's ongoing shift to IP-based Ethernet business services. It filed a similar application for its Qwest affiliate last year.

Report: Verizon hires financial advisers to explore tower sale, could raise $6B

Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a  Reuters  report.

Analyst: Verizon could sell as many as 12,500 cell towers

Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.

Verizon's Shammo: We are talking to content owners about LTE multicast

Verizon Wireless is talking to content owners about the possibility of delivering their content over its LTE multicast network, but the sticking point appears to be the business model. Speaking at the 2014 Bank of America Merrill Lynch Media Communications and Entertainment Conference, Verizon Communications CFO Fran Shammo said that the company is currently talking to content providers but that there is "lots of work to be done on that ecosystem."

Verizon Wireless plans to launch Wi-Fi calling in mid-2015

Verizon Wireless plans to introduce Wi-Fi calling in the middle of next year but does not see an urgent need for it, according to Verizon Communications CFO Fran Shammo.

Verizon's Shammo: 1M homes still need to be converted to fiber

Verizon Communications  is handling about 300,000 conversions from copper to fiber per year but it still has about 1 million homes left to convert to fiber before it wraps up its entire conversion plan that it has been working on for three years, said a top company executive today.  

Verizon to launch VoLTE in Q4, but delays first LTE-only phones to 2016

Verizon Wireless intends to launch Voice over LTE service in the fourth quarter of this year, and the carrier plans to use the technology to introduce new, high-definition telepresence services, according to Verizon Communications CFO Fran Shammo.