Verizon Wireless plans to begin eliminating the unlimited data plan it has provided customers who had it before the carrier introduced tiered pricing and dropped the unlimited plan for new buyers last year
Fran Shammo, CFO of Verizon Communications, which owns a controlling share of Verizon Wireless, first revealed the change Wednesday at an industry conference and it was first reported by Fierce Wireless, an online publication.
Verizon is expanding the latest generation of its wireless network, called 4G LTE. Customers wanting to upgrade phones from their current 3G data plan to use 4G LTE will be required to sign on to Verizon’s new data-share plan to be introduced this summer, Shammo said.
The data-share plan, whose pricing hasn’t been announced, will provide a limited bucket of data that can be shared among family members or devices.
“As you upgrade in the future, you will have to go onto the data-share plan,” Shammo said. “A lot of our 3G base is unlimited. As they start to migrate into 4G, they will have to … go into the data-share plan. And that is beneficial for us.”
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