Report: Verizon to start offering 4G prepaid services

|About: Verizon Communications (VZ)|By:, SA News Editor

Droid Life reports Verizon's (VZ +0.1%) AllSet prepaid plans (saw price cuts in March) will gain 4G support on July 17, thus eliminating a major shortcoming relative to rival offerings. No word on whether full or throttled 4G speeds will be delivered - Verizon has held off on offering 4G with AllSet thus far out of fear of cannibalizing costlier postpaid plans.

AllSet's smartphone plans currently start at $45/month (unlimited talk/text + 500MB of data), with an extra 1GB of data costing $10 and 3GB $20. Feature phone plans start at $35/month.

AT&T, T-Mobile, and Sprint already offer 4G prepaid services. AT&T recently acquired Leap Wireless, and has since begun offering nationwide 4G prepaid under Leap's Cricket brand. T-Mobile has significantly expanded the reach of MetroPCS-branded 4G prepaid services since acquiring the carrier last year.

Tough competition led Verizon to post only 10K retail prepaid net adds in Q1. Its retail prepaid base totaled 6.06M at quarter's end.

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