One third of Verizon's customers are on a shared data plan

One third of Verizon's customers are on a shared data plan
Verizon CFO Fran Shammo said on Tuesday that nearly one-third of its post-paid subscribers are on the Verizon Share Everything plan. This plan has been available for less than a year and on Tuesday at a J.P. Morgan Media and Telecom Conference, Shammo said that adoption of the plan has been moving faster than expected. As of the end of the first quarter of the year, Verizon had 30% of its 93.2 million retail post paid subscribers signed up for Share Everything. Shammo pointed out that as more customers sign up for the Verizon Share Everything Plan, they are adding more devices like tablets and mobile hotspots to their account. More devices means more data consumed, which means more revenue for Verizon.

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. 

source: FierceWireless



1. Even4steven

Posts: 45; Member since: Aug 03, 2012

This plan only seems to make sense if you have multiple people sharing it. I am on a plan with 5 people, all using the Mobile Hotspot as well, and at that point I get the benefits of Verizon, with a cost on par with many cut rate carriers. My only compromise was I stream less music from my phone. I think the shared data plans are really good, under the right circumstances.

3. jroc74

Posts: 6023; Member since: Dec 30, 2010

Exactly. I have a 3 line family plan...and I would save between $40 and $100 depending on how much data I bought. I already had unlimited talk and text before the new plans. So I agree....under the right circumstances the plans are good. Even comparing apples to apples with other carriers....Verizon came out about $10 - $15 cheaper with AT&T...The Share Plans arent as bad as some make it.

4. Daftama

Posts: 641; Member since: Nov 03, 2012

Of course not 1 million customers benefit and 92 millions get screwed


Posts: 1461; Member since: Mar 09, 2010

Wait until VOIP is implemented then compare. Everything is split up now with voice and data separate. You pay for data be it 1gig to 10 gig of data on a tiered payment plan. With VOIP data, talk, texting surfing and downloading of apps will be done through IP. This is when cost will sky rocket and every bit of information be it talk, text, or surfing it will all go though IP internet protocol and will cost a family surfing way more than they are paying now! Imagine your whole family on a 1-2 gig phone plan and VOIP is will then start paying for calls based on kilobits per second used until your 1 gig plan is all used up. You will have to raise your tier plans to talk or go over your monthly plan. This is where the cash cow comes in because you now are going to have to pay more so that the investors can rake in the profits from your love ot these tiered data plans now in effect. Go find out what's the deal before making lame it's not true statements.

7. Daftama

Posts: 641; Member since: Nov 03, 2012

Lol explain kilo meg and gig to average customer. .all though it would cost vz almost nothing for voice abd data would alot cheaper than what they pay for 3g they will still raise our still waiting for the day when vzw loses millions of customer in day maybe a week or a month and it goes all down hill from there

10. jcarrigan unregistered

the problem is that in many areas of the country, verizon is the only consistent coverage so many people pretty much had no choice but to stay with verizon and lose the unlimited data and go to those horrible data share plans. the only benefit isthat i can use my mobile hotspot.

2. alouden unregistered

"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." So is he just admitting that, yes, Verizon gouges its customers? It's a known fact that the cost of the handset is built into the postpaid plans. This is why they tell you if you are off contract, you are just giving Verizon (AT&T, Sprint, etc.) money each month.

5. Beholder88

Posts: 86; Member since: Mar 30, 2012

It would be a bad move to offer an installment plan and not change the plan pricing. That is glaring enough that the most business un-savvy would understand they are getting screwed. Verizon does push people to upgrade though, you get messages when you are eligible and some people even claim they get phone calls asking if they want to get a new phone.

8. 14545

Posts: 1835; Member since: Nov 22, 2011

Yeah, they try the BS of calling and offering you like an extra "100 mins a month for a year" to sign "year contract". Heck, they recently screwed me on two of my off contract lines and said I signed a "promotion" contract that extended my term out a year. When I ever signed or asked for anything. It took me two calls and a couple hours on the phone to get them to fix it. I'm about to buy out my only two lines left, cut bait and jump ship.

9. Daftama

Posts: 641; Member since: Nov 03, 2012

Oh yea they do that...they give you the world when your out of contract or close to it...once your locked they will tell you go ahead and cancel you have a termination fee haha..they still owe $30 credit still calling still debating with them still same you will see it on your next bill

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