Verizon To Ditch Most Phone Plans This Month

NEW YORK – Verizon Wireless (VZ), the nation’s largest cellphone company, is dropping nearly all of its phone plans in favor of pricing schemes that allow consumers to share data usage among up to ten phones and other devices.

The new plans will let individuals add non-phone devices like tablets and laptops to their plans, as well as the phones of family members.

It’s the biggest revamp in wireless pricing in years, and one that’s likely to be copied by other carriers. AT&T Inc. (T) has already said that it’s looking at introducing shared-data plans soon.

Verizon’s new “Share Everything” plans include unlimited phone calls and texting, and will start at $90 per month for one smartphone and 1 gigabyte of data. If used only with a smartphone, “Share Everything” prices are lower than for current plans with unlimited calling and texting, but higher than plans with limited calling and texting.

To read this article in its entirety visit CBS News.