Verizon Users with unlimited data, enjoy it before its gone :/ (more news added)
Verizonâ€™s CFO Fran Shammo spoke at the JP Morgan Media and Telecom conference this morning, providing further detail on their plans for shared or family data tiers. During his conversation, he mentioned the end of grandfathered unlimited dataa plans, but before that he talked specifically about these shared tiers. While he didnâ€™t go into detail on how they would be priced or structured as far as data amounts go, he did say that Verizon will have no problem making money off of them in the very near future.
Here is the quote:
We want the connections to come in and the way weâ€™ve designed our plan, this plan is built on tiers. And as we look at the future growth of LTE consumption because of the speeds and video consumption and consumption of other end-to-end type devices, itâ€™s going to be more important that people will start to upgrade in the tiers as they start to really realize the benefits of the LTE network.
So two things here. One is, revenue will continue to grow as we get into data shared plans and people start to connect more devices (as my pad example). And then over the future time, as they add more devices, they are going to have to buy up in tiers. So again you will see the revenue increase there.
The way we designed this, we really shouldnâ€™t see a short term decline.
And this was said today.....via Verizon
As we have stated publicly, Verizon Wireless has been evaluating its data pricing structure for some time. Customers have told us that they want to share data, similar to how they share minutes today. We are working on plans to provide customers with that option later this year.
We will share specific details of the plans and any related policy changes well in advance of their introduction, so customers will have time to evaluate their choices and make the best decisions for their wireless service. It is our goal and commitment to continue to provide customers with the same high value service they have come to expect from Verizon Wireless.
This is their plan, as it was posted in the New York Times.
- Customers will not be automatically moved to new shared data plans. If a 3G or 4G smartphone customer is on an unlimited plan now and they do not want to change their plan, they will not have to do so.
- When we introduce our new shared data plans, Unlimited Data will no longer be available to customers when purchasing handsets at discounted pricing.
- Customers who purchase phones at full retail price and are on an unlimited smartphone data plan will be able to keep that plan.
The same pricing and policies will be applied to all 3G and 4GLTE smartphones.