Verizon Wireless Announces Prepaid Smartphone Data Packages (VZ)

Verizon

today announced it will be expanding its portfolio of prepaid offerings to include a new 3G Prepaid data package that lets customers access unlimited data on select 3G Smartphones and Multimedia phones for $30 monthly access. Shares of Verizon are trading down 0.8% this afternoon, to $30.01. Multimedia phone customers also have the option of selecting a new $10 monthly data package for 25 MB per month ($.20/MB overage). These new prepaid data packages will be available in Verizon Wireless Communications Store today and online beginning September 28. "These new data offerings will help our prepaid customers experience the full breadth of Verizon Wireless' robust device portfolio and the many engaging, informative and helpful applications that depend on a data plan," said Jim Sullivan, director of marketing for Verizon Wireless. "Our prepaid customers will now have the freedom to enjoy all of the capabilities that these phones have to offer, while controlling costs and without being tied to a contract." Verizon Communications operates Domestic and Wireless businesses.