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Verizon Nixing Unlimited Data Plans in Favor of Tiered Options

ivan seidenbergIn June, AT&T announced that it would begin phasing out unlimited phone plans, and replace them with capped, consumption-based plans. Now, Verizon is reportedly following in its rival's footsteps, and will begin introducing its own limited plans within the next few months.

At an investor conference yesterday, Verizon CEO Ivan Seidenberg said that over the next four to six months his company would begin phasing out unlimited data plans, replacing them with a tiered system of consumption-based plans. As the Wall Street Journal reports, however, Seidenberg added that Verizon's plans probably won't be priced according to the same system that AT&T uses. "We're not sure we agree yet with how they valued the data," the CEO said. It remains unclear, of course, whether or not Verizon will charge more or less than its rival, which currently offers two monthly data plans: a basic plan that charges $15 for 200 megabytes of data, and a second service that offers 2 gigabytes for $25 a month.

As for the possibility of eventually adding the iPhone to Verizon's stable of products, Seidenberg remained elusive. "At some point, Apple will get with the program," he said, but refused to elaborate on speculation that his company would land the iPhone anytime soon. "I can't speak for Apple," the CEO said.

Tags: 4g, ATT, cellphone, CellPhonePlans, cellphones, iphone, Iphone3g, Iphone4, unlimited, UnlimitedPlan, Verizon, VerizonWireless