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Speaking at a J.P. Morgan Media and Telecom conference, Verizon Communications CFO Fran Shammo said the company is killing its unlimited data plan for “grandfathered” customers and will force existing and new customers to sign up for a new tiered “data-share” plan on its 4G LTE network.

Verizon Wireless subscribers who have held onto their $30 a month unlimited data plans will soon be forced to upgrade to a new tiered offering, according to Fierce Wireless. Verizon’s data share plan is scheduled to launch in mid-summer but no pricing details have been announced.

Shammo said that LTE will be the anchor for the new plan and that as customers upgrade from 3G to LTE, they will have to be on a data share plan, allowing the company to sunset its unlimited 3G data plan. “A lot of our 3G base is on unlimited,” Shammo said. “When they migrate off 3G they will have to go to data share. That is beneficial to us.”

AT&T’s unlimited plans are now officially limited, reports Seeking Alpha. The caps are now 3GB for HSPA+ subscribers and 5GB for LTE subscribers, which is a welcome boost up from the 2GB cap that was in force regardless of whether a customer was on an HSPA+ or LTE unlimited data plan. Users can check their monthly data usage by dialing “*data#” on their mobile phones.

Any overage will result in throttling. This cap remains in place until the end of the billing cycle. You will still have unlimited data, but on AT&T’s terms.

Related Dailywireless articles include; “Unlimited” Handset Data Killed, Sprint Lowers Data Charges , T-Mobile: Prepaid Data Plans Verizon Caps Data, Verizon To Implement Tiered Pricing, Virgin Broadband: $20/month, Verizon Expands LTE Network,US Cellular: LTE This Year, T-Mobile: $80 Unlimited Service, AT&T: New Prepaid Data Plans, Sprint: EVDO Data Plan $10 More, No Contract Smartphone Plans, MetroPCS: Now 4th Biggest?, Mobile 4G Routers Roll Out

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