Verizon Hints At Scrapping Unlimited Data Plans

BusinessWeek reports that Verizon may be preparing to follow AT&T's example by eliminating unlimited data plans later this year. Quoting: "'We will probably need to change the design of our pricing where it will not be totally unlimited, flat rate,' John Killian, chief financial officer of Verizon Communications Inc., the wireless unit’s parent, said in an interview at Bloomberg’s headquarters in New York today. The company anticipates 'explosions in data traffic' over wireless networks as new phones on 4G networks incorporate data-heavy applications, such as video downloads, he said. Verizon is working to keep its network running smoothly as more of its customers switch to smartphones that connect to the Internet. ... 'The more bandwidth that you make available, the faster it will be consumed,' said Craig Moffett, analyst at Sanford C. Bernstein & Co. in New York. 'From Verizon’s perspective, the last thing you want is for another generation of consumers to be conditioned to the idea that data is always going to be uncapped.'"

Comments

Re:Why not raise the price instead?

[Majik Sheff]

Unless you are a voting shareholder, your opinion is worth exactly zero to the people deciding executive pay. It has nothing to do with what I or anyone else thinks about your opinion.

Oh, and I've decided that your pay is excessive and should be capped at 10% above the poverty line. Any more that that is an obscene display of decadence.

Re:Why not raise the price instead?

[Majik Sheff]

For what I think is the first time ever, I agree with you.

Re:Why not raise the price instead?

[commodore64_love]

>>>government-founded nonprofit orgs

  Yeah that's what we need - another monopoly. Because they work so well (amtrak, the nearly-bankrupt post ffice, the govt schools, Comcast, Microsoft). I want CHOICE and by creating a monopoly you've taken that away
.