Fran Shammo

Latest Headlines

Latest Headlines

AT&T announces deal with Globecomm to offer satellite fallback for IoT customers

AT&T announced it is partnering with the data management company Globecomm to launch a service linking satellites to its cell network. The offering enables IoT devices to automatically switch to satellites when cell connectivity is unavailable, eliminating the need for businesses to purchase cell and satellite service separately and allowing them to use both to manage their devices, networks and applications.

Verizon's Shammo: TracFone is 'our prepaid product'

Verizon reported an impressive retail postpaid churn rate of.96 percent in the first quarter, surprising analysts who predicted the carrier would lose more customers to T-Mobile and Sprint. But the biggest U.S. mobile network operator continues to bleed prepaid users, opting to cede the market to brands such as MetroPCS and Cricket.

Verizon's Shammo: 5G pilot in 2017 is all about fixed wireless, not mobility

Verizon CFO Fran Shammo reiterated the company's commitment to be the first U.S. company to roll out 5G wireless technology and made it clear that its initial pilot starting in 2017 is all about fixed wireless – not mobility.

Verizon emphasizes cost cuts amid fairly solid Q1 earnings, revenues of $22B

Verizon continued to emphasize its ongoing strategies of targeting high-end wireless subscribers and expanding into media and advertising during its first-quarter earnings call Thursday. But it also pointed out recent cost-cutting efforts, underscoring the increasingly competitive landscape of the U.S. mobile market.

Amid network sabotage, Verizon warns that strike could 'pressure' Q2 results

Verizon warned that the ongoing strike of 40,000 of its wireline workers could eventually affect the company's financial performance, although the company stopped short of offering specific financial guidance along those lines.

Verizon adds 98,000 new FiOS internet customers, 60% of new subs opt for 100 Mbps and above

Verizon reported relatively solid results in its wireline business, showing revenue slightly below some analyst expectations but FiOS net customer additions of 98,000, above some predictions.

Verizon buys stake in AwesomenessTV as it continues to bet on media

Verizon continued its aggressive expansion into media with the announcement that it will buy a 24.5 percent stake in AwesomenessTV, a digital video company owned by DreamWorks Animation that targets teens and preteens. The deal values AwesomenessTV at $650 million.

Verizon's Shammo: We're interested in ad revenues, not unlimited data plans

Verizon CFO Fran Shammo put to rest any speculation that the carrier is planning to launch unlimited data plans anytime soon. But the nation's largest mobile operator appears to have unlimited plans for mobile video advertising.

Verizon's Shammo says XO deal enriches wireless densification, enterprise sales

Verizon is confident that its acquisition of XO Communications' fiber assets will give it an array of new dark fiber facilities that can satisfy its wireless densification efforts and enhance its enterprise business.

Shammo: Verizon's zero-rated video to launch on Go90 this week

Verizon subscribers will be able to watch zero-rated video through the carrier's Go90 app starting this week, CFO Fran Shammo said.