BREAKING - Verizon CFO says grandfathered unlimited plans on the way out

Verizon Communications CFO Fran Shammo shattered many a hopes and dreams today speaking at the J.P. Morgan Technology, Media and Telecom conference. During his address, Shammo indicated that customers who have been grandfathered in to the unlimited data plan may soon find themselves pushed into tiered territory, with the debut of the carrier's shared data plans. "Everyone will be on data share," Shammo said, clarifying that, "a lot of our 3G base is on unlimited... [and] when they migrate off 3G they will have to go to data share."


With many customers clinging desperately to their truly unlimited usage in the shift to LTE, such a move would ruffle more than a few feathers. It's not clear if this will affect customers who have already made the leap to LTE devices or if it will be limited to customers migrating from 3G phones after a particular cut off date.


In the webcast, the following quote was caught:

"LTE is our anchor point for data share. So, as you come through an upgrade cycle and you upgrade in the future, you will have to go on to the data share plan. And moving away from, if you will, the unlimited world and moving everyone into a tiered structure data share plan." 

Well it does not get clearer than that. Post your opinion below.