Andre Yoskowitz
16 May 2012 19:21
A Verizon Wireless exec let the point slip today during an investor conference.
Communications CFO Fran Shammo said unlimited data is about to die, even for grandfathered customers who have had it for years. All new and existing customers will be forced to sign up for a tiered "data share" plan if they want to use 4G LTE.
The $30-a-month unlimited data plan will cease to exist starting this summer.
For the time being, the data share plans have still not been unveiled in detail but they will allow families or individuals to share a "bucket" of data, minutes and text across different devices.
Verizon first eliminated the unlimited plan last July for new users, but allowed existing customer to keep it. At the time the company did say, however, that the policy was subject to change.