Apple&39's iPhone 4

Verizon Chief Financial Officer Fran Shammo revealed several interesting things at the Reuters Global Technology Summit. First, Verizon will continue to compete with AT&T on the iPhone--Big Red will sell the next-generation iPhone (referred to by some as the iPhone 5 or iPhone 4S) alongside AT&T.

Shammo also said that the next Verizon iPhone will operate in as many countries as AT&T's global iPhone. Reading between the lines, we can guess that Verizon is preparing for a big announcement on this front when the next-generation iPhone hits global shelves.

Verizon's CFO was less transparent about the next iPhone's speeds, suggesting that Verizon's portfolio of LTE Android phones would make up for a next-gen iPhone. "I think it's a bigger issue for Apple than it is for us," Reuters quotes. "Depending on where Apple plays, that's where we'll sell."