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Verizon CFO hints at global 'iPhone 5,' talks LTE

Chief Financial Officer Fran Shammo addresses Reuters Global Technology Summit with news on Big Red's next-gen iPhone plans.

Jessica Dolcourt Senior Director, Commerce & Content Operations
Jessica Dolcourt is a passionate content strategist and veteran leader of CNET coverage. As Senior Director of Commerce & Content Operations, she leads a number of teams, including Commerce, How-To and Performance Optimization. Her CNET career began in 2006, testing desktop and mobile software for Download.com and CNET, including the first iPhone and Android apps and operating systems. She continued to review, report on and write a wide range of commentary and analysis on all things phones, with an emphasis on iPhone and Samsung. Jessica was one of the first people in the world to test, review and report on foldable phones and 5G wireless speeds. Jessica began leading CNET's How-To section for tips and FAQs in 2019, guiding coverage of topics ranging from personal finance to phones and home. She holds an MA with Distinction from the University of Warwick (UK).
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Verizon Chief Financial Officer Fran Shammo revealed several interesting things at the Reuters Global Technology Summit. First, Verizon will continue to compete with AT&T on the iPhone--Big Red will sell the next-generation iPhone (referred to by some as the iPhone 5 or iPhone 4S) alongside AT&T.

Shammo also said that the next Verizon iPhone will operate in as many countries as AT&T's global iPhone. Reading between the lines, we can guess that Verizon is preparing for a big announcement on this front when the next-generation iPhone hits global shelves.

Verizon's CFO was less transparent about the next iPhone's speeds, suggesting that Verizon's portfolio of LTE Android phones would make up for a next-gen iPhone. "I think it's a bigger issue for Apple than it is for us," Reuters quotes. "Depending on where Apple plays, that's where we'll sell."