GNG News Guy
02-26-2008, 06:44 PM
http://i.dslr.net/urls/95/4195.gif (http://www.dslreports.com/shownews/Verizon-CEO-Laughs-Off-Wireless-Price-War-92184)
Many news outlets got very excited about Verizon's (and subsequently AT&T and T-Mobile's) decision to offer unlimited wireless calling for $100 and up, insisting that the move would result in a wireless industry price-war. That's not happening, according to Verizon CEO Ivan Seidenberg. The CEO told investors at the Merrill Lynch Communication Services Forum this morning that the industry giant isn't all that into (http://www.lightreading.com/document.asp?doc_id=146897) this whole "competing on price" thing:"I don't think we have to chase price. We don't have to and we never have. We think our customers are going to look for a little more than just price," said Seidenberg, noting that his company's superior wireless network will allow Verizon to not lower its rates should another carrier undercut them in price. "Until someone does something that proves that what we've done doesn't work, why would we do anything different? Once again, we were the first."
Technically they were responding to news that Sprint was planning an unlimited tier of their own, but hey -- whatever. We weren't particularly impressed with Verizon's pricing for the tiers, which only really saves a user money if they're an epic conversationalist and pushing in excess of 2,000 minutes monthly. Most of the bubbly media enthusiasm over Verizon's move falled to mention their new tiers and data plans are jam packed with data overages (http://www.thegng.org/shownews/91984).
read comment(s) (http://www.dslreports.com/shownews/Verizon-CEO-Laughs-Off-Wireless-Price-War-92184)
Many news outlets got very excited about Verizon's (and subsequently AT&T and T-Mobile's) decision to offer unlimited wireless calling for $100 and up, insisting that the move would result in a wireless industry price-war. That's not happening, according to Verizon CEO Ivan Seidenberg. The CEO told investors at the Merrill Lynch Communication Services Forum this morning that the industry giant isn't all that into (http://www.lightreading.com/document.asp?doc_id=146897) this whole "competing on price" thing:"I don't think we have to chase price. We don't have to and we never have. We think our customers are going to look for a little more than just price," said Seidenberg, noting that his company's superior wireless network will allow Verizon to not lower its rates should another carrier undercut them in price. "Until someone does something that proves that what we've done doesn't work, why would we do anything different? Once again, we were the first."
Technically they were responding to news that Sprint was planning an unlimited tier of their own, but hey -- whatever. We weren't particularly impressed with Verizon's pricing for the tiers, which only really saves a user money if they're an epic conversationalist and pushing in excess of 2,000 minutes monthly. Most of the bubbly media enthusiasm over Verizon's move falled to mention their new tiers and data plans are jam packed with data overages (http://www.thegng.org/shownews/91984).
read comment(s) (http://www.dslreports.com/shownews/Verizon-CEO-Laughs-Off-Wireless-Price-War-92184)