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Verizon Wireless will move to tiered data plans this summer

Updated Dec 19th, 2018 7:04PM EST

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Speaking at the Morgan Stanley Technology, Media, and Telecom Conference this afternoon, Verizon CFO Fran Shammo told investors that Verizon Wireless plans to move to tiered data plans in the near future. The plans, which could roll out as early as this summer, may be based on consumption, speed, or a combination of the two. “We are still working on the models,” said Mr. Shammo. The CFO mentioned that Verizon Wireless consciously decided against a tiered data option with the recently launched iPhone 4, noting that the company did not want to dissuade any potential buyers. When asked about the unlimited $30 data plan currently being offered for smartphones, Mr. Shammo quipped, “Everyone knows that isn’t long-term. We will move to tiered pricing in the mid-summer time frame.” What do you think Big Red customers? Sound off in the comments.