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Verizon: Our next iPhone will work overseas

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(Read caption) Verizon will release an iPhone which works overseas, a Verizon exec said this week. Here, a user handles the Verizon iPhone 4.

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Verizon Wireless will soon release a Verizon iPhone that works overseas, Verizon Chief Financial Officer Fran Shammo said in a conference call with analysts this week, according to the Associated Press. The current Verizon iPhone works only in North America, while the AT&T iPhone can run on overseas GSM networks. A rejiggered Verizon iPhone would put the handset on level with the rival AT&T edition.

In related news, Verizon recently announced that 906,000 subscribers had signed contracts with the network in the first quarter of 2011, which far outstrips the 62,000 contract subscribers added by AT&T during the same period. Still, as Reuters notes, Verizon's performance wasn't quite enough for investors –– Verizon shares tumbled this week.

RELATED: Apple iPhone 5 gets September release date: report


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