Verizon CFO Confirms iPhone 5 Will Work On CDMA And GSM Networks

iPhone 5

Reuters has just reported that Verizon Chief Financial Officer Fran Shammo has revealed that Apple’s next generation iPhone will be a dual-mode phone, which works on CDMA and GSM networks.

Shammo has also revealed that Verizon will launch the fifth generation iPhone at the same time 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.

It also looks unlikely that Apple’s next iPhone will support faster 4G LTE networks. Shammo had this to say on that topic:

Shammo said that even if the next iPhone does not support LTE, Verizon will have enough high-speed alternatives to sell.

“I think it’s a bigger issue for Apple than it is for us,” he said. “Depending on where Apple plays, that’s where we’ll sell.

Shammo has reiterated that Verizon will discontinue its unlimited data plan by this summer and replace them with tiered plans like AT&T. The unlimited data plans is currently seen as a unique selling point of the Verizon iPhone as AT&T stopped offering iPhone customers unlimited data plan just before iPhone 4 was launched.

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