Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

Delayed Quote. Delayed  - 09/26 10:00:26 pm
41.14 USD   -0.34%
09/26 AT&T : Two AT&T Employees. Two Generations. One Reaction.
09/26 AT&T : and Best in Class Non-Profits Share Collective Impact Lessons..
09/26 SEE IT : Students create films about cyberbullying for film competit..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Verizon Wireless Sees End To Unlimited-Data Plans On New Network

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 11:51pm CEST
   By Greg Bensinger 
   Of  
 

Verizon Wireless is chipping away at unlimited data.

The carrier said Wednesday that it will no longer allow customers to keep their grandfathered unlimited-data plans when they upgrade to its high-speed mobile broadband network known as 4G LTE.

The switch means millions of Verizon Wireless customers still on unlimited $30-per-month plans will have to shell out more money to stream video and download photos and music to their devices. In March, AT&T Inc. (>> AT&T Inc.) effectively ended its all-you-can-eat plans, saying it would slow download speeds to a near halt if unlimited users exceed monthly usage caps.

Facing a shortage of wireless airwaves amid rising demands on their networks, carriers have been seeking to squeeze more revenue out of their existing customers, such as by introducing more advanced devices and penalties for exceeding limits on tiered data plans.

A Verizon Wireless executive said Wednesday that customers with unlimited-data plans who upgrade will be forced to sign up for a new data-sharing plan that allows people to use multiple mobile devices on one of several data plans Verizon Wireless will disclose this summer. Ultimately, the company hopes to move everyone off unlimited plans, said Fran Shammo, finance chief of Verizon Communications Inc. (>> Verizon Communications Inc.), parent of the wireless venture.

"You will have to go to onto the data-share plan and moving away from, if you will, the unlimited world," said Shammo at an investor conference. As customers adopt increasingly data-rich plans, "you'll see the revenue increase there."

Under the tiered pricing plans, Verizon Wireless customers would get two gigabytes of data monthly--a little more than five hours of streaming video--for $30. The company also has plans for five gigabytes for $50 and 10 gigabytes for $80, with each extra gigabyte costing $10 per month.

Verizon took an early lead in rolling out 4G LTE, which promises speeds up to 10 times faster than 3G networks, and has been pushing customers to upgrade because it is a more-efficient service. However, with the popular Apple Inc. (>> Apple Inc.) iPhone operating only on 3G networks, just 9% of Verizon's contract customers--roughly eight million--have made the switch.

As a further inducement, the carrier has said it will introduce smartphones this year that are compatible only with 4G LTE networks. Shammo didn't provide details of the new data-plan pricing.

It wasn't clear when the change would take effect, and a Verizon Wireless spokeswoman declined to comment beyond Shammo's remarks. Verizon Wireless risks driving some users to Sprint Nextel Corp. (S), the third-largest U.S. carrier, which still offers unlimited plans to new customers and which will launch its first 4G LTE markets by mid-year. AT&T currently allows users to keep their unlimited data plans when they upgrade to 4G LTE.

AT&T was the first to introduce tiered data pricing in 2010, a move to help manage mushrooming traffic on its network, with Verizon Wireless following suit last summer. Verizon Wireless has been limiting download speeds for the top 5% of users in areas where cell sites are congested.

Shammo's comments suggested users who keep 3G-only devices may be able keep their unlimited plans.

-By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stocks mentioned in the article : AT&T Inc., Apple Inc., Verizon Communications Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AT&T INC.
09/26 AT&T : Two AT&T Employees. Two Generations. One Reaction.
09/26 AT&T : and Best in Class Non-Profits Share Collective Impact Lessons at National..
09/26 SEE IT : Students create films about cyberbullying for film competition
09/26 AT&T : San Francisco's Historic Past Meets Its Future At AT&T's 1 Powell Store
09/25 Utility, telecom companies provide solid dividends for investors
09/24 AT&T : Warning lights not flashing in some Bellingham school zones as city works..
09/24 AT&T`s DirecTV adds Scripps channels
09/24 AT&T : Cell traffic could be better than vehicular traffic as Hoosiers take on W..
09/23 AT&T : s DirecTV Now Streaming Service To Roll Out Before 2017
09/23 AT&T : agrees to pay $450,000 to settle U.S. probe
More news
Sector news : Wireless Telecommunications Services - NEC
02:58a High stakes for India's $84 billion airwave auction after Vodafone play
09/26DJROGERS COMMUNICATIONS : Canadian Video Streaming Service Shomi to Close at End o..
09/26DJIndian Stocks Emerge From the Crowd
09/23DJAFK SISTEMA : Russia's Sistema Sells Stake in MTS for $100.4 Million
09/23DJVODAFONE : Afrimax Extend Partnership Into Cameroon
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
09/26 HSBC : Valuation supports boosting AT&T to Hold
09/26 MY 4% DIVIDEND YIELD PORTFOLIO : Q3'16 Summary And Plans For Q4
09/24 Here's How AT&T Is Planning On Making Dividend Lovers Rich
09/23 Introduction To My DG Portfolio And Retirement Strategy
09/23 Argentina sees telecom reform bringing $20B in investment
Advertisement
Financials ($)
Sales 2016 164 620 M
EBIT 2016 29 170 M
Net income 2016 14 699 M
Debt 2016 120 864 M
Yield 2016 4,69%
P/E ratio 2016 17,00
P/E ratio 2017 15,43
EV / Sales 2016 2,27x
EV / Sales 2017 2,19x
Capitalization 253 093 M
More Financials
Chart AT&T INC.
Duration : Period :
AT&T Inc. Technical Analysis Chart | T | US00206R1023 | 4-Traders
Full-screen chart
Technical analysis trends AT&T INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 42,8 $
Spread / Average Target 4,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens Chief Financial Officer & Senior Executive VP
Joyce M. Roché Lead Independent Director
Laura D'Andrea Tyson Independent Director
Ralph de la Vega Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AT&T INC.19.56%253 093
CHINA MOBILE LTD.9.24%251 316
NTT DOCOMO INC6.54%102 645
KDDI CORP1.41%81 940
SOFTBANK GROUP CORP9.47%78 321
VODAFONE GROUP PLC-0.14%76 044
More Results