Verizon offers cheaper 500 MB Share Everything plan

Tools

Verizon Wireless (NYSE:VZ) followed competitor AT&T Mobility (NYSE:T) in offering a lower-cost option on its shared data plans, though the new offering is more expensive per month than AT&T's cheapest shared data plan.

Verizon will start offering a Share Everything plan that comes with unlimited voice, texting and 500 MB of data for $40 per month. Adding a smartphone to the line brings the total cost up to $80. Customers can add more devices to the plan from there, $10 per month for tablets and $30 for feature phones.

The plan contrasts with AT&T's recently introduced 300 MB plan on its Mobile Share offerings, which, while offering less data than Verizon's plan, is $10 cheaper per month, at $70 when paired with a smartphone. The average U.S. consumer used 733 MB of data per month in the first quarter, according to Nielsen, which indicates that the new offerings from AT&T and Verizon likely are intended to get customers to try an inexpensive option and upgrade to higher, more expensive tiers later on.

The Verizon and AT&T plans are also more expensive than comparable offerings from Sprint (NYSE:S) and T-Mobile US (NYSE:TMUS), which do not offer shared data plans for individual customers.

T-Mobile's entry level Simple Choice plan offers unlimited voice, messaging and 500 MB of data for $50 per month (if customers exceed 500 MB their data speeds are slowed until their next billing cycle).

Meantime, Sprint's new Unlimited, My Way plan offers unlimited voice, texting and 1 GB of data for $70 per month, and unlimited voice, texting and data for $80 per month.

For more:
- see this Verizon page
- see this WSJ article (sub. req.)
- see this Engadget article

Related Articles:
AT&T offers cheaper Mobile Share shared data plan options
Chetan Sharma: Shared data plans will continue to be a boon for Verizon, AT&T
Sprint, in response to Verizon and T-Mobile, launches shared data for business customers
T-Mobile pushing B2B shared-data plans
Verizon brings shared data to business accounts
C Spire launches shared data plans, following Verizon, AT&T
AT&T follows Verizon with 'Mobile Share' shared data plans