Verizon's New Unlimited Plans Are Gaining "Significant Interest"

Verizon's new unlimited plans are gaining "significant interest" which may spell good news for the U.S.' largest wireless carrier, who launched their new "Verizon Unlimited" offering last month starting at just $80 for a single line. It wasn't made clear whether or not this interest was coming from consumers or people in the industry, though it would make sense if significant interest was referring to Verizon's customers. Despite this interest, analysts don't seem to share the same positive outlook over the new plan offering, as it was recently reported that analysts think the Verizon Unlimited plans will have a negative impact on Verizon's revenues in the long-term aspect of things, as they believe that it could end up decreasing Verizon's value by about $3 Billion.

That report came to light just yesterday, and follows a report that surfaced just a day after the plans were launched last month that stated analysts were unsure whether or not Verizon's current network technologies could handle the suspected huge uptick in traffic from the surge of people switching over to these new plans. According to Verizon's Executive Vice President John Stratton however, Verizon's network is more than capable of handling the increased traffic that will come from the plans, and he states that the company is "confident" their network will be able to deal with the higher amount of data usage.

Since Verizon's unlimited plans launched just a few weeks ago, it's likely not possible to see the long-term affects of those plans on their overall value nor is it likely possible just yet to see how their network will handle the traffic increase in the long-run. Verizon's new plans came as a bit of a shock to the industry as they seemed to be against the notion of offering unlimited data for quite some time after having moved away from it only to offer tiered data plans to customers. Back during Verizon's official announcement about the new unlimited plans though, Verizon had stated that they were simply doing their research to ensure that what they came up with the absolute best offering for their subscribers, and they believe that what they now have to offer does just that.

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Justin Diaz

Head Editor
Lover of food, craft beer, movies, travel, and all things tech. Video games have always been a passion of his due to their ability to tell incredible stories, and home automation tech is the next big interest, in large part because of the Philips Hue integration with Razer Chroma. Current Device: Google Pixel.
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