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05-16-2012, 01:02 PM #1Verizon CFO says grandfathered unlimited plans on the way out
The article pretty much says it all. When you upgrade to LTE you'll be pushed in to tiered pricing.
Verizon CFO says grandfathered unlimited plans on the way out -- Engadget
Article posted below:
Verizon CFO says grandfathered unlimited plans on the way out
By Terrence O'Brien posted May 16th 2012 1:43PM
Verizon CFO says grandfathered unlimited plans on the way outVerizon Communications CFO Fran Shammo shattered many a hopes and dreams today speaking at the J.P. Morgan Technology, Media and Telecom conference. During his address, Shammo indicated that customers who have been grandfathered in to the unlimited data plan may soon find themselves pushed into tiered territory, with the debut of the carrier's shared data plans. "Everyone will be on data share," Shammo said, clarifying that, "a lot of our 3G base is on unlimited... [and] when they migrate off 3G they will have to go to data share." Obviously, with many customers clinging desperately to their truly unlimited usage in the shift to LTE, such a move would ruffle more than a few feathers. It's not clear if this will affect customers who have already made the leap to LTE devices or if it will be limited to customers migrating from 3G phones after a particular cut off date. We've reached out to Verizon for comment, but so far Big Red is keeping mum. We'll just have to take Shammo at his word for now. We hope you like data caps. To hear the comments in full hit up the source link.
Update: We just finished listening through the entire webcast (we're still waiting for the transcript) and found the quote that is going to make most customers shake their fists in anger:
"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 on to the data share plan. And moving away from, if you will, the unlimited world and moving everyone into a tiered structure data share plan."
Doesn't get much clearer than that, but we're still hoping Verizon will come back and say Shammo was speaking out of turn... fingers crossed.
05-16-2012, 08:19 PM #2
if you are out of contract you can leave whenever you want.....they can also change the terms whenever THEY want.
AT&T will follow suit before iphone 6 is introduced.
05-16-2012, 10:40 PM #3
Oh I know but I just wanted to share the news. I still believe that when they went to tiered data they should have an unlimited option & an option for ZERO data.
For now, AT&T has been grandfathering in 4G LTE from what I've read. I expect that to change soon now.