Basking Ridge, N.J. - Verizon Wireless has become the latest carrier to drop all-you-can-eat data plans for smartphones in favor of usage-based plans.
Beginning July 7, Verizon said it will no longer offer a $29.99/month unlimited-data plan to new subscribers. Instead, new subscribers will be offered four metered options. They are $10/month for 75MB of data, $30/month for 2GB, $50/month for 5GB, and $80/month for 10GB. Overages will be charged at a rate of $10/GB.
Consumers subscribing to the current unlimited-data plan will be able to keep their unlimited data plan if they switch to another smartphone.
Among the top four carriers, only Sprint now offers unlimited-data plans for smartphones. In T-Mobile's case, T-Mobile slows down speeds dramatically when data subscribers go over their limit, whereas Verizon and AT&T charge overage fees.
In another change, Verizon is ending its free, unlimited-use 4G LTE mobile hot spot service for 4G smartphones and, beginning July 7, will charge current hot-spot-service users $30/month for unlimited data. For new hot-spot subscribers, the charge will be $20/month for 2GB of hot-spot data service.