Fran Shammo, the CFO of Verizon has declared in an investor conference yesterday, that "At the end of the day, people don't need unlimited plans." At a time when T-Mobile, AT&T and Sprint are offering unlimited data plans to their customers through various packages, this particular statement by the high-ranking official clearly shows that Verizon thinks that their competition are misguided! He defended his opinion/decision/statement by pointing out that Verizon's "customer friendly" plans might have data caps but they are simpler, offer high speed data tethering and unthrottled video streaming.
As if the above statement was not embarrassingly clear enough, Shammo also added, "You cannot make money on an unlimited video world." Now with this statement, one can say that Verizon is bordering on or has already crossed the line marked "corporate money grab." He even called users of unlimited plans "abusive" as they tend to use a lot more data and impact the quality of the network for everyone around them. There is no doubt that Verizon is the leading carrier in the country and it seems that it does not think that this decision or these comments will affect their business in any way. Do you agree with Fran Shammo, or will you be moving to a more "abusive" data plan from another carrier?
Saikat Kar (tech-enthusiast)
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