Verizon Wireless is currently the largest wireless carrier in the US. They also have the best network, according to many customers and reports from the likes of RootMetrics, Nielsen and others. Recently, Verizon overhauled their plans and introduced "The Verizon Plan" which gives you five different data buckets to choose from for your account, and they all include unlimited talk and text. Now it looks like these data plans are about to change again. According to CNET, the company is going to raise prices, as well as data limits on their plans, as soon as this week. A Verizon spokesperson declined to talk about the changes, but did say that we should expect some "fireworks" later this week.
Currently, Verizon's "S" plan is priced at $30/month and gets you just 1GB of data. With this new overhauled plan, Verizon will raise the price to $35/month and double the data to 2GB per month. The "M" plan will jump to $50 and will also add another gigabyte of data to 4GB. Verizon's "L", "XL", and "XXL" plans will all go up by $10 per month to $70, $90 and $110 respectively. Data will go from 6GB to 8GB on the "L" plan, 12GB to 16GB on the "XL" plan and finally the "XXL" plan will jump from 18GB to 24GB per month. But that's not all that Verizon will be including in this overhauled plan. The company is slated to introduce their own Data Stash, known as "Carryover Data". Allowing you to carryover data from one month to the next. The exact details of this are not yet available. Verizon is also going to give their customers better access to Canada and Mexico. Finally, Verizon is going to be unveiling "Safety Mode" as part of a revamped My Verizon app. This feature is a way for users to stay away from overage fees. Basically, they will throttle your data, instead of continuing to give you high-speed data at a cost of $15/GB. Those on the XL and XXL plans will get "Safety Mode" for free, while those on the smaller plans will need to opt in for $5 per month.
This new plan is not yet active, nor is it confirmed by Verizon. However, we should be hearing from them later this week about this new plan. These revamped plans are likely due to the increase in competition that the wireless space has seen in the past few years, particularly from smaller rivals like Sprint and T-Mobile which have steadily been taking customers from their larger rivals of AT&T and Verizon.