Verizon CFO: Subsidies have "done wonders" for industry

03/10/2014 | Light Reading · CNET

The smartphone subsidy model has proved to be successful and is here to stay, Verizon Communications Chief Financial Officer Fran Shammo said at an investor conference Monday. He said Verizon offers installment plans because some subscribers are more comfortable with them and that the company thinks "the subsidy model is an extremely good model." Shammo also touted the expected benefits of 4G video, saying he expects the technology to restore growth when the smartphone boom begins to recede.

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Light Reading · CNET

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