Verizon has plans to kill the current unlimited data add-on and force users to a shared pool of tiered data. Speaking at today's 40th annual J.P. Morgan Technology, Media, and Telecom conference, Verizon Communications CFO Fran Shammo stated that all customers will be migrated off of current unlimited data plans and on to a new data-share plan to launch this summer. "Everyone will be on data share", according to Shammo. As people renew contracts and move to new 4G LTE smartphones and other devices, their current data plan will no longer be available. There was no mention what would happen to current LTE subscribers, but we imagine they too will be pushed towards the new sharing plans.
There is no word on exactly how these plans will work, only that all 4G connected devices on Verizon will share the same data pool. We don't yet know how big that data pool will be, nor how much it will cost. Hopefully, Verizon realizes that they are pushing customers to use more and more data and makes them generous.
Of course, Shammo says this will be a better option for everyone involved, but I've a feeling that more than a few of you will disagree. To see the webcast in it's entirety, see the link below.