Verizon Discontinuing Unlimited Data Plans for Grandfathered Contracts
Bad news for Verizon customers. Sometime this summer, Verizon will discontinue unlimited data plans for those that were grandfathered into the service, that is if they want to upgrade their hardware. That means that when the iPhone 5 comes out, or a brand new shiny Android, you’ll have to wave goodbye to unlimited data and switch to one of Verizon’s tiered plans.
AT&T made a similar move last year, but hasn’t indicated whether or not they’ll follow suit. Nonetheless, carriers have been known to mimic one and other, especially if it means making more money, which is surely the motive behind discontinuing the unlimited data plans for those that we’re grandfathered in. However, Sprint continues to offer an unlimited data plan for all new customers, which is probably the carrier’s biggest draw when it comes to competing with AT&T and Verizon in terms of iPhone sales.
“As you come through an upgrade cycle and you upgrade in the future, you will have to go onto the data-share plan and mov[e] away from, if you will, the unlimited world,” Verizon Communications CFO Fran Shammo said.
That all being said, Verizon says they’ll introduce “shared data plans” around the same time they discontinue unlimited data plans for those that upgrade. That means a family of 5 could share one data plan and ostensibly save a fair bit of cash, even if they do collectively experience overages.
This is the beginning of the end of unlimited data plans.