Verizon CFO Fran Shammo today revealed that Verizon will continue to compete with their rival AT&T on the iPhone and it will hold and sell the next-generation (iPhone 4S/iPhone 5) alongside AT&T. The executive reiterated earlier claims that the new model would use dual-mode CDMA and GSM networks and it would be a World phone and revealed that next generation Verizon iPhone will operate as in many countries as AT&T Reuters reports.
While Verizon has sold fewer iPhones than some analysts expected, Shammo said he was happy with sales of the “six-month-old phone” that only works in some countries.
When the next iPhone model launches Verizon will be able to offer it at the same time as AT&T. Verizon’s version will also work in as many countries as AT&T’s iPhone, which has global coverage, Shammo said.
Some customers held off on buying the first Verizon iPhone because they were waiting for a model that supports Verizon’s high-speed wireless service, which runs on a new technology called Long Term Evolution (LTE).
Shammo said that even if the next iPhone does not support LTE, Verizon will have enough high-speed alternatives to sell.
Shammo does not utter clear words on the presence of LTE 4G network on iPhone 4S/5, but we assumed on previous reports that it won’t support LTE.
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