iPhone 5 details revealed by Verizon CFO Fran Shammo

In an interview with Reuters, Verizon Chief Financial Officer Fran Shammo said his company's version of the next Apple iPhone, the so-called "iPhone 5," will be a global phone, working in the same countries as the AT&T model.

That would mean the Verizon iPhone 5 would be able to make calls on both CDMA and GSM networks. The device would still be native to Verizon's network, using GSM only when roaming. The AT&T version might also have both radios, though it would only need GSM to be considered a global phone.

The current Verizon iPhone 4 is CDMA-only, so it doesn't work in countries where there are only GSM networks, which includes most of Europe, Africa, and parts of Asia. The AT&T version works on most GSM networks, which are much more common.

Shammo also said Verizon would be able to launch the iPhone 5 at the same time as AT&T, all but confirming a simultaneous launch on both carriers.

Very little is known about the next iPhone, although iPhone 5 rumors are rampant. If Apple sticks to its typical product cycle, it should be unveiled soon with a debut next summer, although there are reports that because of production difficulties, it won't hit stores until September.

On whether or not the Verizon iPhone 5 would be able to ride Verizon's new high-speed 4G LTE network, Shammo was fairly mum: "I think it's a bigger issue for Apple than it is for us," he told Reuters. "Depending on where Apple plays, that's where we'll sell."

This article, written by Peter Pachal, originally appeared on PCMag.com and is republished on Gear Live with the permission of Ziff Davis, Inc.