geekosystem

Mobile phone carriers have long flirted with unlimited data plans -- offering them and then not -- in order to trick convince customers to come to their side of the fence. This is nothing new, as both AT&T and Verizon have played this game before, but what is honestly the tiniest bit shocking is how these companies seem to think that unlimited plans aren't the future of their industry. Speaking at the Goldman Sachs Communacopia Conference yesterday, Fran Shammo, Verizon's CFO, said "that whole unlimited thing," in his opinion, "is going by the wayside."

We knew Verizon was removing unlimited data plans in favor of tiered pricing plans, but as a very cheesy, extremely repeatable line in a certain movie once said, "Not like this." Verizon CFO Fran Shammo has declared that Verizon will be nixing all unlimited data plans that have been grandfathered in. Yikes.