Deutsche Bank analyst says Verizon has seen significant interest in its unlimited plan
Verizon's decision to offer unlimited service might have come as a response to the heavy advertising from T-Mobile, promoting its unlimited service. Additional pressure on Verizon came from Sprint's unlimited service. Until recently, AT&T required that its subscribers sign up to one of its video plans to qualify for unlimited data. Despite coming late to the party, Verizon did prove that it still has influence. When Verizon Unlimited was announced, it included streaming video at 720p (HD). That topped T-Mobile's unlimited plan, which streamed video at DVD quality 480p. T-Mobile quickly hiked its streaming video resolution to 720p to match Verizon.
The move by Verizon to offer an unlimited plan came as a major surprise. Last September, Verizon CFO Fran Shammo said that unlimited service was unnecessary, adding that wireless operators could not make money with these plans.
Verizon Unlimited costs $80 for a single line and $180 for a family of four. Subscribers must agree to sign up for Auto Pay. Those using more than 22GB of data in a month could find their speed throttled during times of network congestion.
The Deutsche Bank Media & Telecom conference was held on Monday, and Verizon executive vice president and president of operations John Stratton appeared. Stratton said that he is confident that Big Red will be able to handle the expected increase in traffic that the unlimited plan is sure to cause