Sprint's CEO Dan Hesse signed an estimated US$15.5 billion deal with Apple to carry the iPhone. After a less than stellar quarterly performance, the CEO is trying to quell shareholder discontent by publicly defending his decision, says a report in AllThingsD.

Speaking at an annual shareholders meeting, Hesse assured investors that "carrying the iPhone will be quite profitable." Customers will join Sprint to get the iPhone on an unlimited plan and will stay because most people who buy the phone are happy with their purchase. The iPhone will increase the number of long-term customers with revenue-generating data plans which is good for Sprint's bottom line. Sprint won't see these benefits until 2015, but the CEO believes the iPhone is worth the wait.

Dan Hesse certain the iPhone will be profitable for Sprint originally appeared on TUAW - The Unofficial Apple Weblog on Thu, 17 May 2012 09:00:00 EST. Please see our terms for use of feeds.

Speaking at a J.P. Morgan Conference, Verizon Wireless CFO Fran Shammo revealed that the carrier plans to transition its grandfathered customers off their unlimited data plans, says a report in Fierce Wireless. Shammo confirmed that, starting this summer, customers moving from a 3G phone with an unlimited plan to a 4G handset will be required to drop the unlimited plan and sign up for a shared family data plan.

According to the report, Verizon will only offer a shared family data plan for its 4G customers. These plans include one bucket of data which is shared among multiple devices. This change will affect customers upgrading phones, but the report did not say what would happen to current 4G customers on an unlimited plan or unlimited 3G customers who don't want to upgrade.

[Via GigaOM]

Verizon Wireless to transition grandfathered customers from unlimited data plans originally appeared on TUAW - The Unofficial Apple Weblog on Thu, 17 May 2012 08:05:00 EST. Please see our terms for use of feeds.