Verizon's Unlimited Data Plan is "Not a Long-Term Solution"
March 2, 2011
Verizon will be following in AT&T’s footsteps and end the $30 a month, unlimited data plan for iPhone, according to CFO Fran Shammo.
Verizon Chief Financial Officer Francis Shammo made the remarks at an investors conference, Reuters reports. According to Shammo, the carrier will probably transition to tiered pricing data plans in the "mid-summer time frame."At a Morgan Stanley conference in San Francisco, Shammo said that the unlimited data plan is “not a long-term solution." Verizon may discontinue the plan as soon as this summer. It was reported that Shammo launched the current unlimited $30 per-month data plan only to attract users to the Verizon iPhone, but will move to a tiered plan “in the mid-summer time frame.” AT&T stopped offering unlimited plans in June, and now offers two plans: $15 for 200MB and $25 for 2GB. However, in an effort to keep as many subscribers as possible from going to Verizon, AT&T has secretly offered the unlimited data plan. Unfortunately, Shammo did not give details on any tiered plans Verizon will offer. Only time will tell.
