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Verizon Jettisons Annual Plans, Reforms Mobile Offers

| Aug 10, 2015 08:20 PM EDT

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Verizon is subjecting new policies on their offers concerning smartphones and mobile data usage beginning Aug. 13. The American telecommunications titan will restructure their offer formats too make them more basic and understandable to the consumer public.

The new offers require clients to pay for their devices as a whole or through monthly installments, then incur a month's bill of 20 dollars per phone for call and text services and have them choose from only 4 mobile internet options:  30 dollars monthly for 1GB of data, 3GB of data costs 45 dollars a month, 60 dollars gets 6GB for a month, and for 80 dollars monthly you can avail of 12GB according to the Denver Post.

Mobile internet plans can now be distributed throughout a group, allowing 10 devices to be equipped with cellular service and mobile data using the 12GB offer, which costs 280 dollars to be paid on a monthly basis. Additional fees are imposed on an individual account for connections not stated in the plan.

Alongside this, Verizon has patterned their data plans on sizes of clothes; S or small referring to the 1GB, 3GB is now labeled as M for medium, L or large corresponding to the 6GB offer, and XL or extra-large for the 12GB plan.

A plan called "More Everything" will also be available at 150 dollars. A 5 dollar charge if one opts for a smartwatch and a 10 dollar fee is put to make the phone a portable WiFi hotspot The Market Business reports.

With the new plans in place, discounted phones will no longer be available from the provider and biannual contracts will no longer be offered.

Meanwhile, contender T-Mobile has cut the annual contracts 2 years ago and is gaining more subscribers because of their low price deals, with AT&T not far behind.

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