Verizon is “not interested” in making a counterbid...
Verizon is “not interested” in making a counterbid for Leap Wireless in the wake of AT&T’s offer, Verizon Chief Financial Officer Fran Shammo said Thursday during an investor conference call. The telco is “very comfortable” with spectrum holdings associated with…
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Verizon Wireless, which it co-owns with Vodafone, Shammo said. Verizon Wireless is accelerating the positioning of the AWS spectrum it acquired last year, and is examining reallocating slivers of its CDMA spectrum for use on its 4G LTE network, he said. Verizon Wireless “obviously” plans to participate in the FCC’s incentive auction of broadcast TV spectrum, though it’s not “under any spectrum pressure,” Shammo said. Verizon Wireless saw its 4G LTE network continue to grow during Q2, with 59 percent of its total data traffic during the quarter running over the LTE network. Verizon Wireless added 941,000 subscribers during the quarter; Verizon’s total operating revenue for the quarter rose by 4.3 percent to $28.6 billion. Verizon Wireless’s new Edge early smartphone upgrade plan is “yet another choice” for its customers to consider, Shammo said. The plan, which follows recently announced upgrade plans from AT&T and T-Mobile US, would allow a customer to upgrade to a new smartphone six months after buying the last one -- provided the customer has paid off at least half of the phone’s price. The plan allows customers to pay for a phone over a 24-month period. Verizon Wireless said it plans to begin offering the plan, which would include all of its available smartphones, Aug. 25 (http://vz.to/1auCvmR). Verizon Wireless activated 3.9 million iPhones during Q2 -- 44 percent more than it activated during the same period in 2012. It activated 7.5 million total smartphones during the quarter.