Verizon Will End Unlimited Data Grandfathering If You Buy A 4G Phone From This Summer Onward
#1
Posted 16 May 2012 - 10:05 AM
Verizon Wireless will no longer be allowing customers on a grandfathered unlimited data plan to upgrade to a 4G LTE smartphone when the carrier launches its in mid-summer. Executive Vice President and CFO Fran Shammo announced the news during an investors conference this morning. "LTE is our anchor point for data share, so as you come through an upgrade cycle and you upgrade in the future, you will have to go onto the data share plan, moving away from the unlimited world," he said. "So when you think about our 3G base — a lot of our 3G base is unlimited — as they start to migrate into 4G, they will have to come off of unlimited and go into the data share plan, and that's beneficial for us for many reasons, obviously."
Unlimited data is a concept that has been for some time now, and decision to no longer honor the plans with LTE-capable devices will only expedite the process. AT&T continues to honor grandfathered unlimited plans for 4G upgrades, and Sprint remains the lone major carrier that still allows new customers to sign up for the privilege. Verizon had already been making a clear distinction between LTE and its legacy 3G network, exclusively to those shopping for an 4G-capable handset.
As you'd expect, Shammo touts the upcoming offerings as a better option for consumers and businesses alike. "If I can add as many devices as I want and share that data plan, that's a lot more efficient from a family share perspective, from a small business perspective," he said. "There is a large ramp of devices out there that, especially when you think about families, they're not connecting those devices because the incremental costs in the model we have today. And I think going forward, we're going to make it easier for folks to connect devices."
The full conference can be streamed at the source below, and Shammo reveals the impending death of unlimited data for LTE customers at around the 10:30 mark.
#2
Posted 16 May 2012 - 10:07 AM
#3
Posted 16 May 2012 - 10:09 AM
- mattlgroff likes this
#4
Posted 16 May 2012 - 10:21 AM
I won't be upgrading then. Just buy the phone outright from the manufacturer.
I've been told you will also lose unlimited once your current contract is up so that won't help. I'm not ready to give up on vzw yet. I'll wait to see the family share pricing. If i don't like it then this gives me a reason for the first time in about 10 years to switch carriers. I at least have until late 2013 with unlimited data.
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#5
Posted 16 May 2012 - 10:25 AM
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#6
Posted 16 May 2012 - 10:28 AM
#7
Posted 16 May 2012 - 10:31 AM
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- fastfoodfred likes this
#8
Posted 16 May 2012 - 10:32 AM
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#9
Posted 16 May 2012 - 10:33 AM
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- kb3awq likes this
#10
Posted 16 May 2012 - 10:34 AM
#11
Posted 16 May 2012 - 10:42 AM
#12
Posted 16 May 2012 - 10:42 AM
#13
Posted 16 May 2012 - 10:47 AM
Well I've been thinking about going to sprint. Guess this will push me over the edge. Unlimited data is the only reason I'm still with Verizon now. Is there some kinda petition we can start and post it on every site that has anything to do with Verizon. Sometimes they seem to work.
Before you hop to another network you should really check the coverage area between the 2. I have thought about swapping but then I look at the coverage map and my friends dropping calls on sprint and at&t so I'll stick with big red. Plus I live in a rural area and we are getting 4G soon which is far better than the others here
#14
Posted 16 May 2012 - 10:51 AM
#15
Posted 16 May 2012 - 10:51 AM
I mean come on! Its a cell phone. If i need to download large files i use wifi.
I Don't use my phone as an ISP for my home.
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- phispher likes this
#16
Posted 16 May 2012 - 10:58 AM
#17
Posted 16 May 2012 - 11:10 AM
I am fear my blade!
#18
Posted 16 May 2012 - 11:16 AM
#19
Posted 16 May 2012 - 11:21 AM
I am fear my blade!
#20 Guest_BDH_*
Posted 16 May 2012 - 11:45 AM
And before anyone starts mentioning Sprint, they throttle too so it's not unlimited.
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