Verizon CFO: Unlimited Is Just a Word

Verizon believes unlimited data plans are on their way out, the company's CFO told investors at a Goldman Sachs conference on Friday.

"The good news here though is the dilution is not as much as we expected," said Fran Shammo, explaining how the company hasn't seen much attrition after dropping its unlimited data plan in May. "The other good news is we have more people going to shared than we actually anticipated. And the thing that really surprised us is we have a lot of people coming off unlimited to go to shared."

Shammo added that "Unlimited is just a word. It doesn't mean anything...So that whole unlimited thing I think is going by the wayside and they see the benefit of going to…
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