Before T-Mobile became the “Un-carrier,” and effectively ditched two-year contracts, the wireless industries’ biggest names have been reeling to make competitive changes.
While Verizon launched its “Edge” branding for monthly installment plans for smartphones and other devices, the Big Red wireless carrier has apparently decided all of that, along with its “More Everything” plans, were simply too complicated for their own good. As a result, the carrier is refreshing its plan lineup, and, at the same time, ditching two-year contracts.
Verizon made the announcement on August 7, via CNET, and has changed quite a bit. First and foremost, plans are now known as Small, Medium, Large, and X-Large. The Small option will offer 1GB of data (per month) for $30, the Medium will have 3GB of data for $45 per month, the Large with 6GB of data for $60 per month, and, finally, the X-Large offers 12GB of data for $80 per month. (If you go over your allotted data in a month, Verizon will charge you $15 per extra gigabyte.)
After the plan has been chosen, it’s time to move on to the monthly access fee per device. Verizon will charge $20 per smartphone, $10 per month for tablets and dongles, and $5 per month for wearable devices. The monthly payment for the device will be tacked onto all of that as well, which is different from model to model.
(It’s worth noting that grandfathered (current) Verizon subscribers won’t have to change their current plan to one of these new ones if they don’t want to, as is usual for these types of changes. However, if the time comes to switch plans/phones, these will be the only options, and a monthly installment plan will be required for your new device.)
Verizon Wireless says the new plans will launch on August 13.
What do you think of dropping two-year contracts?
[via CNET]
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