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Fran Shammo

Latest Headlines

Latest Headlines

Verizon reintroduces promotional $80/10 GB and $100/15 GB shared data plans

Verizon Wireless is bringing back lower promotional pricing for its More Everything shared data plans. The carrier is offering a 10 GB plan for $80 per month, down from $100, and it re-introduced a 15 GB plan for $100 per month.

Verizon FiOS 75 Mbps Quantum adoption rises amidst Q1 wireline revenue decline

Verizon is seeing more of its FiOS customers adopt its symmetrical 75 Mbps Quantum speed tier, a factor that's helped the telco offset an overall decline in first-quarter 2015 wireline revenue.

Verizon's Shammo: We believe our 'existing contracts' allow skinny bundles

Verizon says it doesn't need the permission of programmers to implement its new "Custom HD" bundling strategy for its pay-TV service. "We believe we're able to offer these packages under our existing contracts," said Fran Shammo, executive VP and CFO of Verizon, when asked during Tuesday's first-quarter earnings call whether his company had discussed the strategy with programmers prior to deploying it.

Verizon adds fewer postpaid subs in Q1 than expected, loses prepaid and 3G smartphone customers

Although Verizon Wireless reported improving margins, the carrier added fewer postpaid customers in the period than many financial analysts had expected. The company also lost 3G smartphone and prepaid customers in the quarter. In the past, Verizon executives have said they are willing to part with such customers and not get bogged down in a price war to retain them.

Verizon's Frontier sale gives it a contiguous Northeast FiOS footprint, says Shammo

Verizon's recent move to sell off its wireline assets in three markets to Frontier Communications will consolidate its fiber-to-the-premises (FTTP) FiOS service in the Northeast market, one where it will battle aggressive cable competition from Cablevision and a potentially soon-to-be-combined Comcast and Time Warner Cable for consumer broadband dollars.

Verizon not worried about cable companies' push into wireless via Wi-Fi offerings

Verizon Wireless is not that worried that cable MSOs will start eating into the wireless business with Wi-Fi-first business models, according to a senior Verizon executive. At an investor conference today, Verizon Communications CFO Fran Shammo touched on several hot-button issues for Verizon and the wider industry, including new FCC regulations on net neutrality and data roaming.

Verizon's technology chief Tony Melone to retire, as carrier merges network and IT functions

Longtime telecom executive Tony Melone, Verizon Communications' executive vice president of network, is retiring from the company.

Verizon's Shammo: Internet of Things, OTT video will drive future growth

Verizon's future growth will come from things like the Internet of Things and over-the-top mobile video--things that some other companies are not even investing in today, the company's CFO Fran Shammo said during an investment conference on Monday.

Verizon's Shammo hints that company may offload more non-strategic assets

Verizon recently confirmed that it would sell off its wireline assets in three markets to Frontier, but it appears that the telco would be happy to make similar deals if it found a buyer that would offer the right terms.

Analysts: Verizon might be playing coy with 600 MHz auction participation to get more favorable rules

Verizon Wireless indicated that it thinks it has enough spectrum for the foreseeable future and is taking a "wait and see" approach to the FCC's 600 MHz incentive auction of broadcast TV spectrum. However, some analysts think that Verizon is playing coy as a way to get auction rules that it finds more favorable or to delay the auction.