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Verizon Wireless (VZ, VOD) introduces its anticipated shared data plans. The plans, which come...
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Tuesday, June 12, 2012, 9:18 AM ETVerizon Wireless (VZ, VOD) introduces its anticipated shared data plans. The plans, which come bundled with unlimited voice and text messaging, aren't cheap: a user wanting to share 2GB/month between a smartphone and a tablet, for example, will have to pay $110/month. AT&T (T) has hinted it will also offer shared data plans. (PR)
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Look for profits to zoom at T, VZ, and S.
This is likely part of traditional telecom strategy of opening prices high and reducing them over time.