Verizon will stop providing unlimited data plans

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We hoped you enjoyed streaming videos and downloading applications to your heart’s content because that’s soon coming to an end. Sometime this summer, Verizon Wireless will do away with unlimited data plans. Instead of paying a flat fee for all the data consumption you can handle, Verizon will begin offering tiered price plans. That means the more data you use, the more you’ll have to pay. This new shift was outlined by Verizon CFO Fran Shammo during the Reuters Global Technology Summit.

Once unlimited data has been dealt with, Verizon will shift its focus to family plans. While no solid details or even a confirmation has been made yet, Shammo hinted at what he called “mega-plans” for data. Under these mega-plans, families would share data just like they can share minutes right now.

“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,” Shammo said.

Shammo also spoke about the next iPhone. Shammo didn’t confirm whether the phone is going to be called the iPhone 4S or iPhone 5. Whatever it is called, we know the AT&T and Verizon versions will launch at the same time. The next Verizon iPhone will also work in as many countries as AT&T’s iPhone.

Via [Reuters]

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