Verizon exec says unlimited is 'just a word'

[Ed Blown Vert]

Verizon Wireless isn't sweating its decision to kill unlimited data, and apparently, neither are subscribers.
Speaking at an investor conference, Verizon CFO Fran Shammo said more people than expected are embracing the carrier's new Share Everything plans, and a lot of subscribers are giving up unlimited data to do so.
“So what customers are understanding, and through our good sales routine, is once you explain to a customer their usage on a monthly basis, unlimited is just a word,” Shammo said. “It doesn't really mean anything and that people don't really--I think a lot of consumers think they consume a lot more data than they really do.”

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[Zinergy]

So far from what I have heard from verizon customers is that the share everything plans do not really save them anything.