Technology Report / Verizon iPhone's unlimited data plans to be short-lived

TwinCities Saturday 12th March, 2011

Verizon Communications Inc. will stop offering unlimited data plans for Apple's iPhone as soon as this summer and switch to a tiered pricing offering that can generate more revenue and hold the heaviest users in check. The carrier, which began selling the iPhone last month, now offers $30 unlimited data service on the device. Such plans on the handset are "not a long-term solution," Chief Financial Officer Fran Shammo said at a Morgan Stanley conference. Verizon Wireless last month ended ATT's four-year exclusive hold on the iPhone in the U.S. Analysts estimate Verizon may sell 2 million iPhones this quarter.

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Verizon reps in Colorado Springs, CO informed me that customers already on an unlimited data plan will be "grandfathered in". If they misinformed me I will be not happy.

reignition - 2 years ago

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