Verizon has developed an unlimited wireless data plan which begins at $80 per month which at the end made up to be the members of other industries. Verizon, at the end of last year declined in sales and failed retaining more customers and consumers.
Petty competitors like Sprint and T-Mobile attracted many customers via providing data plan at cheaper cost which declined the sales of Verizon for which the company introduced data plan to grab attention of more users. Verizon users can enjoy text messaging, chatting and can use unlimited data per line. "We’ve built our network so we can manage all the activity customers undertake," Ronan Dunne, president of Verizon Wireless, said in a statement.
Download of any sort, will slow down when the usage of 22 GB is complete but the company claims that it would not compromise on the quality of streaming video like other petty competitors namely: Sprint and T-Mobile. Verizon (VZ, +0.35%) also maintained somewhat higher prices than its smaller competitors. The new plan starts at $80 for one line and goes up to $180 for four lines. Absent the occasional temporary promotion, Sprint's (S, +2.17%)unlimited plan starts at $60 per line and goes up to $150 for four lines.
Most of the analysts forecasted that Verizon would not offer unlimited plan since, it relatively has less available spectrum per subscriber than the smaller carriers. A US study in 2014 revealed that, the users of the smart phone would pay more than estimated apparently, $45 billion annually because of unplanned data plan which led to adverse effects. Verizon said it would keep several smaller data plans for customers who wanted to pay less, such as a 5 GB per month plan for $55.