Verizon Wireless will keep its $30 unlimited data plan for the iPhone, Lowell McAdam, chief operating officer of Verizon, said today at the company's quarterly investor meeting. But the unlimited plan will not last for long. The company clarified its position on the unlimited data plan after its investor conference, stating that the iPhone unlimited data plan will be available for a "limited time." Verizon representatives declined to provide details about how long the window would last. But after the offer ends, Verizon will be moving to a usage-based billing model that is similar to what AT&T offers today. Verizon still hasn't disclosed pricing for its 4G LTE handsets, which are set to hit store shelves in the first half of 2011.
As for how long customers will get to keep their unlimited data plans, according to a Verizon spokeswoman, the unlimited plan will only be offered for the contract period. After the contract expires and customers buy a new device, they will be subject to whatever rate plans are available when they upgrade their phones.
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