Verizon Chief Financial Officer Fran Shammo explaining to Verizon customers why they don't matter.
Verizon is killing unlimited data for anone upgrading to their 4G LTE network. Which, will eventually be everyone.
Verizon's CFO Fran Shammo announced during the 40th annual J.P. Morgan Technology that consumers moving onto the company’s 4G network will be forced to give up their grandfathered unlimited data plans. It seems rather fitting that Verizon would make such an anti-consumer announcement at an event hosted by J.P. Morgan.
In case customers thought this move was made to enhance their user end experience, Shammo made it painfully clear the move toward tiered and shared data is for profit only.
“A lot of our 3G base is on unlimited. When they migrate off 3G they will have to go to data share. That is beneficial to us.” — Shammo
Verizon still hasn’t announced pricing for their data share plans, but expect them to do horrible unspeakable things to your bank account. Shammo claims the industry has crippled the smartphone market by restricting data usage to individual devices, but I suspect it has more to do with "restricting" Verizon's profits.
“If I can add as many devices as I want, that is more efficient from a family perspective and a small business perspective” — Shammo