Killing unlimited data plans has helped make U.S. carriers billions

Killing off their unlimited data plans in recent years hasn’t made U.S. wireless carriers very popular in certain circles, but it has helped them make a lot of money off your mobile-data habit.In the last quarter alone, AT&T reported more than $6.1 billion in revenues from mobile-data plans, while Verizon took in $6.6 billion. Those numbers also reveal significant growth of as much as 20 percent on an annual basis, despite the fact that carriers are adding customers at a slower pace now that most people already have a smartphone. That’s because more people are gobbling up more wireless data, and they’re also paying more for it as Verizon and AT&T have stopped offering unlimited data to new customers in favor of a variety of tiered pricing plans and overage charges that all add up — literally — to billions for the carriers and their shareholders.To read this CNET report in full, see:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.