After pulling the plug on unlimited data (having suggested that customers don't need more than 5GB per month), Verizon Wireless now appears to have capitulated to competitive pressure from fellow mobile carriers and has resurrected an unlimited everything plan. Available starting February 13, the unlimited plan charges $80 per month for unlimited data, talk and text on a smartphone or tablet.
It is important to note that Verizon has canceled their unlimited data plans for new customers six years.
The cost of the unlimited data plan will be reduced per line for each device added. In this case, once you consume 22GB of data within your billing cycle, Verizon "may prioritize usage behind other customers in the event of network congestion".
"We've built our network so we can manage all the activity customers undertake", he said in a statement to Fortune on Sunday. The video features Verizon vice president Ronan Dunne who says that the carrier has been working "quietly but tirelessly behind the scenes to deliver exactly what you've asked for".
Many consumers might say the move is long overdue, since unlimited data plans are now everywhere.
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Broadband telecommunications provider Verizon has reintroduced unlimited data plans as competition gets fierce in the wireless space. And unlike T-Mobile or Sprint's plans, which limit video resolution to 480p, Verizon's will allow for streaming videos in high definition.
Verizon is reportedly bringing back their unlimited data plans.
Included in the unlimited plan is a hotspot tethering of up to 10GB at LTE speeds, and calls and texts to Canada and Mexico.
Verizon (VZ) customers once again can have access to unlimited data. Sprint also provides an unlimited data option to its customers. Currently, T-Mobile charges $120 for two lines, $140 for three lines, and $160 for four lines. The rival network will be offering their own unlimited data plan this March. The company had said that the cost of delivering a gigabyte of data had dropped 40% to 50% as its network had evolved. Do you think "unlimited" should mean "unlimited" as defined by the dictionary? For those who were pried away from their cherished unlimited plans years ago, this seems like a good opportunity to get back on the wagon.