Verizon Wireless Reduces Daily Pre-paid Plan to $1.99

Thursday, December 9th, 2010 at 8:59 am , filed under Tech News by Kimberly

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Verizon Wireless reduced daily Pre-paid plan to $1.99 on December 8, 2010. Verizon Wireless (NYSE:NZ) is the leading wireless service provider of the nation. The daily prepaid wireless service has been reduced to $1.99, because to draw more pre-paid customers and to slow down the prepaid customer losses due to increasing of the competition in the space.

Verizon now charges $1.99 per day for the daily prepaid wireless service; this allows users to make unlimited nationwide calls. Verizon also offers a prepaid plan at 99 cents that include unlimited mobile to mobile calling and also additional minutes at 10 cents each as well as 25 cents-per-minute option. But, the nation’s leading wireless carrier Verizon doubles the price of the text messages from 1 cent to 2 cents per message.

The increased charges to the mobile customers brings closer to the pricing of the Verizon rival AT&T, the nation’s second largest wireless carrier. The AT&T provides an unlimited calling and texting at $2 per day. Unfortunately, the service is available only to the Verizon feature phones.

From the last three months of service, Verizon lost 137,000 prepaid voice subscribers, and its total prepaid subscriber is at 4.4 million in the last quarter of this year. A two year contract has been signed by the TracFone, MetroPCS (NYSE:PCS) and Leap Wireless (NASDAQ:LEAP) by lowering their prices to gather more speed to the Wireless Service Provider.

By Kimberly

Tags: Verizon, Verizon Pre-paid Plan, Verizon Wireless