Though a lot of their wireless customers last quarter came thanks to the company's prepaid plans, Verizon says they're not planning on any real response to the recent boom in unlimited, prepaid plans by MVNO competitors (it's nice they have that choice). While AT&T recently ramped up their prepaid push with a somewhat gimmicky $3 per day prepaid plan, Verizon CFO John Killian proclaimed this week that the carrier does not "feel compelled or feel it’s the right strategy for us to go out with any kind of unlimited prepaid offering." Prepaid growth is explosive for now, with 80% of US subscriber growth in the last quarter. Though the real money is in postpaid customers on long term contracts -- 1 million of which Verizon added in Q1.
Irun Man Spartan up Premium join:2002-10-18 Walden, NY
They have little to worry about
With Boost Mobile offering $50 a month unlimited on the legacy Nextel network with its erratic text messaging and limited coverage, it's little incentive for VZW to offer similar pricing on their towers. Postpaid is where the real money is, and if they can get iPhone they can be unstoppable.
Anyway, Verizon Wireless got burned pretty bad by their former MVNO partner Amp'd Mobile. I doubt they'll be doing anything close to that anytime soon, unless their postpaid RGUs take a steep drop and customers flee for other carriers (they're not). -- Don't pay ME back, pay it forward.
Also not every market has issues with the iDEN network, they're also working on the texting part as a huge problem with at once. You'll have problems if you add half a million customers in a quarter without buying anyone. millions of people left VZW, Sprint (postpaid), TM and ATT for the Boost services.
Also it's not very limited. I get service where VZW, Alltel, Sprint, ATT and TM doesn't even have service. My calls are also clear.
Was about to say the same thing. Yes, it's 20% more expensive than their postpaid unlimited plan (which by the way is available without a contract if you're willing to pay full price for your phone) but they do have such a plan available. Trust me, I'm compiling a list of carriers for a work project I'm doing, complete with rates and all that.
2009-May-21 1:04 pm: ·
sivran Seamonkey's back Premium join:2003-09-15 Irving, TX kudos:1
Verizon prepaid in general is the most expensive out there. T-Mo and AT&T are cheaper by far, and Sprint? What prepaid?
virgin mobile runs off the sprint cdma network, and they have the 50 unlimited voice and 10 unlimited text. Sprints network is something to be afraid. While not as robust as verizons its definately cheaper. im currently a metropcs customer and i enjoy my 40 unlimited talk/txt plan
even though vz is the 2nd biggest they have the best coverage out there.. and they let it to go to your head.. it's surprising that they are still digesting the massive loss of sprint and at&t customers due to their flipflops and mistakes in recent years. nearly ALL the other carriers have a cheaper plan or have competitive offerings in pre & post paid service.. now it's up to the customer to make the decision with which company they spend their money.
a larger portion of consumers are dealing with lower incomes and that lends well to a prepaid service upon which they don't actually have to have a contract and can buy service when they can afford it... otherwise they can use 911 in an emergency (which everyone eventually pays into whether it's prepaid or post paid).
Verizon's going to have to begin competing on price for it's wired & wireless services. just having a better service at a higher price won't last forever. not with seasonal gas prices hitting the price gouging mark again (2.50/gallon & rising)