Verizon to shut down its unlimited package
Verizon have stated that this summer they are going to finish off their unlimited data plan, starting this summer. The $30 unlimited plan is considered to be grandfathered and does not have space in their future plans. According to Fran Shammo CFO of Verizon Communications the customers who are currently using the 3G unlimited data plan, when they migrate to the 4G LTE network will be forced to change their data plan.
The data switch is expected to be around mid summer, AT&T have already started to do this, which have angered a number of customers, and now Verizon is doing the same. The plan may not pan out as well as they expect it to.
CFO Fran Shammo said
“LTE is our anchor point for data share, so as you come through an upgrade cycle and you upgrade in the future, you will have to go onto the data share plan, moving away from the unlimited world,” “A lot of our 3G base is on unlimited. When they migrate off 3G they will have to go to data share. That is beneficial to us.”
According to Mr. Shammo, the new data plan will be more beneficial for customers, as they can add more devices to the network, which would be better if you have a family or running a small business.
People have started to stipulate, that this change will not be readily accepted by most customers, and Verizon might end up losing a few customers to if they prefer having the unlimited package. At this point only Sprint is offering one, so if your a Verizon customer do let us know what you think about this change and will you continue using this network.
Source: Verizon Investor Conference