If you have a grandfathered unlimited data plan with Verizon, you are safe — for now.
But even as the company is backtracking on a statement made by one of its officials saying it would cut off grandfathered unlimited data plans, it is signalling that changes are coming.
In a statement posted on its website, the company says it has been “evaluating its data pricing structure for some time.”
Verizon CFO Fran Shammo said users with unlimited data would have to sacrifice their plans before upgrading to the company’s 4G network, which caused many customers to voice their outrage on the web on Wednesday and Thursday.
“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,” Shammo said Wednesday at the the JPMorgan Technology, Media and Telecom conference. “And that is beneficial for us for many reasons, obviously.”
In its statement, Verizon did not reiterate Shammo’s statements, but it also did not definitely say that existing unlimited-data plans could go away.
“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,” the statement read.


Biz Buzz
Welcome to Biz Buzz, our daily blog on all things business. Turn here for breaking news on the economy, local industry and area people engaged in the region's companies. Read more about this blog.

Posted: May 18th, 2012
Why you should be paying attention to Verizon
Posted in: Uncategorized
Comments
No Responses to Why you should be paying attention to Verizon
