Verizon CFO Fran Shammo announced that he believes the next-generation iPhone will be a universally compatible model for distribution around the globe. This news came as Verizon announced its first quarter earnings.

Right now, the iPhone 4 is available in GSM (AT&T) and CDMA (Verizon) versions. According to Shammo, the iPhone 5 will be capable of roaming on all of the GSM wireless networks throughout the world.

If true, this would be great news for Verizon, which has a hard time competing with AT&T globally because of its wireless standard.

Neither AT&T nor Apple reacted to Shammo’s comments, which were first mentioned in The Wall Street Journal.

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