One third of Verizon's customers are on a shared data plan
After paying out $7 billion in a huge dividend payout to parent companies Vodafone and Verizon Communication, it had been noted that the CEO of the latter firm, Lowell McAdam, was quoted as being surprised by the payout because he expected a lean year for the carrier with a focus on paying down debt. According to Shammo, McAdam was misquoted and was referring to a lean dividend expected for 2014. This means that the former Verizon Wireless CEO expects the carrier to focus on paying back debt. The CFO had no comment on the speculation that Verizon Communications would bid $100 billion for the 45% block of Verizon Wireless owned by overseas telecommunications firm Vodafone.
Shammo did comment on T-Mobile's new plan that removes subsidized pricing from the purchase of new handsets. He noted that Verizon looked at an installment plan and in fact, did offer an installment plans for tablets in the fourth quarter of 2012. He also added that even if Verizon went to an unsubsidized plan for phone purchases, it would not change the price of the Share Everything service.