ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

Verizon Wireless Sees End To Unlimited-Data Plans On New Network

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Verizon Wireless is chipping away at unlimited data. The carrier said Wednesday that it will no longer allow customers to keep their grandfathered unlimited-data plans when they upgrade to its high-speed mobile broadband network known as 4G LTE. The switch means millions of Verizon Wireless customers still on unlimited $30-per-month plans will have to shell out more money to stream video and download photos and music to their devices. In March, AT&T Inc. (T) effectively ended its all-you-can-eat plans, saying it would slow download speeds to a near halt if unlimited users exceed monthly usage caps. Facing a shortage of wireless airwaves amid rising demands on their networks, carriers have been seeking to squeeze more revenue out of their existing customers, such as by introducing more advanced devices and penalties for exceeding limits on tiered data plans. A Verizon Wireless executive said Wednesday that customers with unlimited-data plans who upgrade will be forced to sign up for a new data-sharing plan that allows people to use multiple mobile devices on one of several data plans Verizon Wireless will disclose this summer. Ultimately, the company hopes to move everyone off unlimited plans, said Fran Shammo, finance chief of Verizon Communications Inc. (VZ), parent of the wireless venture. "You will have to go to onto the data-share plan and moving away from, if you will, the unlimited world," said Shammo at an investor conference. As customers adopt increasingly data-rich plans, "you'll see the revenue increase there." Under the tiered pricing plans, Verizon Wireless customers would get two gigabytes of data monthly--a little more than five hours of streaming video--for $30. The company also has plans for five gigabytes for $50 and 10 gigabytes for $80, with each extra gigabyte costing $10 per month. Verizon took an early lead in rolling out 4G LTE, which promises speeds up to 10 times faster than 3G networks, and has been pushing customers to upgrade because it is a more-efficient service. However, with the popular Apple Inc. (AAPL) iPhone operating only on 3G networks, just 9% of Verizon's contract customers--roughly eight million--have made the switch. As a further inducement, the carrier has said it will introduce smartphones this year that are compatible only with 4G LTE networks. Shammo didn't provide details of the new data-plan pricing. It wasn't clear when the change would take effect, and a Verizon Wireless spokeswoman declined to comment beyond Shammo's remarks. Verizon Wireless risks driving some users to Sprint Nextel Corp. (S), the third-largest U.S. carrier, which still offers unlimited plans to new customers and which will launch its first 4G LTE markets by mid-year. AT&T currently allows users to keep their unlimited data plans when they upgrade to 4G LTE. AT&T was the first to introduce tiered data pricing in 2010, a move to help manage mushrooming traffic on its network, with Verizon Wireless following suit last summer. Verizon Wireless has been limiting download speeds for the top 5% of users in areas where cell sites are congested. Shammo's comments suggested users who keep 3G-only devices may be able keep their unlimited plans. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
09/26/201603:01:00San Francisco's Historic Past Meets Its Future At AT&T's 1 Powell...
09/23/201609:30:00AT&T to Release Third-Quarter 2016 Earnings October 25
09/21/201610:30:00AT&T AdWorks Expands Cross-Screen Addressable Ad Offering
09/20/201619:30:00Samsung Says Replacement Galaxy Note 7s Will Be Available Wednesday
09/20/201619:30:00AT&T to Test Broadband Over Power Lines
09/20/201619:13:00AT&T to Test Broadband Over Power Lines
09/20/201614:00:00AT&T Labs' Project AirGig Nears First Field Trials for Ultra-Fast...
09/20/201612:00:00Henry County Commerce Park Designated as AT&T Fiber Ready
09/17/201603:02:00Robert E. Allen -- WSJ
09/16/201613:14:00Robert Allen Struggled to Steer AT&T Through a Treacherous Era
09/16/201610:00:00AT&T Donates $65,000 To Tennessee Community Colleges
09/15/201612:00:00Franklin County Business and Industrial Park Designated as AT&T...
09/15/201609:00:00Orange Testing AT&T's Open Source ECOMP Platform for Building...
09/14/201617:50:00Google Acquisition Apigee's Revenue Climbs
09/14/201611:48:00AT&T Contributes $1 Million to the National Museum for African...
09/14/201609:30:00AT&T to Webcast Presentation by Randall Stephenson at Goldman...
09/13/201613:20:00Apple Shares Rise on iPhone Reviews, Early Preorder Indications
09/13/201613:04:00Apple Shares Rise on iPhone Reviews, Early Preorder Indications
09/13/201613:00:00AT&T and AUDIENCE Network® Producing Sophomore Slate of AUDIENCE...
09/13/201609:30:00AT&T Lands Extensions to Its Networx Contracts

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad