Verizon Says Unlimited Plans Will End When Getting A New Subsidized Device
Earlier this week, some news organizations incorrectly reported Verizon’s plans for ending unlimited data plans. Verizon said that customers with unlimited plans will be able to keep them. However when shared data plans become available, the unlimited data option will no longer be available to customers when they buy a new device at a subsidized price. This means that people will not be grandfathered into their unlimited data plans if they want a new phone with a lower price. Below is a statement from Verizon as sent to The New York Times:
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
– 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.
In short, the death of grandfathered unlimited data plans will come when all the people with unlimited data give up their devices for new ones. And that could take years.