Verizon to Introduce Tiered and Family Data Plans
Verizon Wireless Chief Financial Officer Fran Shammo told Reuters that the company plans to eliminate unlimited data plans for smartphones by this summer, substituting tiered data plans in their place. Verizon has mentioned in the past that it would take this step, though Shammo didn't provide any specifics. Shammo also said that it will bring to market shared data plans that can be used by multiple devices on a single account. "We had individual minutes for individual users. Then we eventually got to what we call family share where everyone in the family shares the same minutes," Shammo said. "I think it's safe to assume that at some point you are going to have mega-plans (for data) and people are going to share that mega-plan based on the number of devices within their family. That's just a logical progression." Shammo didn't say when these mega-plans might arrive, nor what their pricing structure might be like.