Verizon

T-Mobile and Sprint have been making a big deal out of their “unlimited” data plans which offer generous data allowances, but throttle you to 2G speeds when you go over. Now even Verizon, famous for having good service that you have to sell both kidneys for, is jumping on board.

Starting September 6th, a new feature called “Safety Mode” will be an option available to every subscriber. When you go over your allowance of 4G data, Verizon will no longer charge overage fees, but instead throttle you to 128Kbps.

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As reported earlier this week, Verizon has confirmed that it will be raising prices for its wireless customers by $5 to $10 per month, depending on the size of the plan.

It’s not all bad news though, as the carrier has also announced that customers will be able to carry unused data over to the following month and will have to option to pay $5 for a Safety Mode feature which will slow data speeds in order to help customers stay under their monthly limits.

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Verizon has long been the nation’s most expensive wireless carrier. Why is Verizon so expensive? Because people are willing to pay. The networking giant pulled in $7.9 billion in operating income during the first quarter this year, and it did so on revenue that totaled $32.2 billion. But even as ridiculous as those numbers are, it’s apparently not enough. It’s never enough, is it?

According to a new report, Verizon is getting ready to increase the cost of its wireless plans across the board. More →