Verizon confirms tiered pricing for LTE data

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Speaking to a crowd of investors at a Barclay’s conference this week, Verizon Wireless CEO Lowell McAdam said that the introduction of its LTE network later this year will see the company introduce tiered data plans. According to McAdam, one of the reasons Big Red has opted to go this route with its next-generation network is because “people will have four or five or perhaps even more devices they will connect to the network.” Before anyone starts to wig out, McAdam made it clear that the tiered pricing won’t be as expensive as it sounds. Thanks to the efficiency of LTE, Verizon’s cost per megabyte will be approximately one-third of what they are today. At the same time, McAdam also said that LTE will offer further savings to customers, as he expects that all calls made come 2012 will be done via VoIP as opposed to its CDMA network. Verizon is expected to have LTE in place in 30 to 40 markets by the end of 2010.

[Via Phone Scoop]

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