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August 7, 2015 11:59 pm GMT

Verizon nixes contracts, subsidies for new customers

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Under pressure from trends in the industry, Verizon is simplifying its wireless plans for new customers

Beginning Aug. 13, there will be no more subsidies and contracts, eliminating two of the most confusing aspects of buying a phone and service plan, the company announced in a statement.

See also: Report: NASA and Verizon are trying out tech that could monitor all U.S. drones

If you're on a contract now, and want to keep receiving subsidies, you can keep doing so. But new customers have to adopt the new plans.

Here’s how it’ll work: Verizon is rebranding its data packages according to size (kind of like ordering a drink at Wendy’s): There’s a small, medium, large, and extra large. Each package includes unlimited calling and texting, but you pay for your allotment of data Read more...

More about Mobile, Verizon, Att, Tmobile, and Sprint

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/tyTKbjCYH94/

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