Verizon Wireless (VZ, VOD) stays active in the fast-growing market for contract-free phone plans...

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

Verizon Wireless (VZ, VOD) stays active in the fast-growing market for contract-free phone plans with a new unlimited $50/month prepaid plan set to launch Thursday at its stores and select retailers. Barclays notes the $50 prepaid offer may be as low as VZ goes, in order to prevent "cannibalization" of existing customers with contracts.