Rumor has it Verizon is about to launch a "More Everything" plan that would double monthly data caps. Here's what we know so far!
1. More Data, Less Money
— Verizon Wireless (@VZWnews) February 12, 2014
The Verge reports that the "More Everything" plan would offer, well, more everything! Bumps in the data plan would effectively double some users' monthly data caps. The Verge explains:
"The new plans double the amount of data on Verizon's existing 500MB and 1GB shared plans, and bump up the 2GB plan to 3GB per month...Along with the changes, the MORE Everything plans also include unlimited international messaging, and 25GB of Verizon Cloud storage per line, something Verizon typically charges customers $2.99 a month to use."
The Droid Guy cites several plan price changes, as follows:
500 MB will be upgraded to 1 GB of data – still $40 per month
1 GB will be upgraded to 2 GB of data - still $50 per month
2 GB of data will be upgraded to 3 GB of data - still $60 per month
2. EDGE Users Get a Discount
Verizon has "more everything" in store tomorrow, but the details are already out. http://t.co/bBDHK0TPK8
— TechHive (@TechHive) February 12, 2014
The Verge also noted that Verizon customers are being enticed to upgrade to Verizon EDGE, a program that lets you pay for your phone over 24 months rather than paying for it all upfront. EDGE members will reportedly get get $10-$20 off their monthly bill.
3. Data Plans That Make Sense for 2014 Consumers
Mobile data traffic is due to explode.Today the total monthly smartphone traffic is 1 exabytes, in 2019 it will be 10 exabytes #5Gsummit
— Luigi Gambardella (@lgambardella) February 10, 2014
Greenbot has a breakdown of the pricing changes on Verizon data plans, and has mostly good things to say about Verizon's changes. They write:
"Data caps are getting a boost in some cases. The 500MB, 1GB, and 2GB plans are jumping up to 1GB, 2GB, and 3GB without a change in price. That’s a great move—500MB today is like having a 100MB plan a few years ago. It’s not every useful at all, and all carrier plans should start at at least 1GB (a paltry 32MB per day)."
4. This Isn't Verizon's Only New Plan
— Re/code (@Recode) February 12, 2014
Just a few weeks ago, Verizon debuted another new plan. CNET reported that this plan, called Share Everything, would cost $60 for 250MB of data. The plan was designed to appeal to consumers who use very little data, and would only be offered for a limited time.
5. Verizon Wants to Stay Competitive
Verizon reportedly launching 'More Everything' plans with higher data caps, lower prices http://t.co/4jFtVmgUsp
— Engadget (@engadget) February 12, 2014
GigaOM suggests that Verizon's new prices are a direct result of T-Mobile's recent strategies. In addition, Verizon's new data plans make them more competitive with AT&T. As these companies continue to compete for who can offer the lowest rates, it seems that the consumers are the ones who are most likely to come out on top.