June 12, 2012 - 18:03 AMT
Verizon announces Share Everything data sharing plan

In May, Verizon Communications CFO Fran Shammo confirmed that Verizon Wireless would start offering a shared data plan to customers with more than one line of service. However, it would also be dumping its unlimited data plan for existing customers who were previously able to keep their unlimited plan under a grandfather clause.

Today, June 22, Verizon Wireless announced the official launch of its shared data plans, called Share Everything. As previously announced, current customers on an unlimited data plan will not be able to renew their current contracts to keep that plan unless they either decide not to upgrade their phone or if they pay the full retail price for a new phone, Neowin reports.

The new plans start at $50 a month with 1 GB of data shared with up to 10 devices, with unlimited talk and text. Users can go up to 10 GB for $100 a month, again with unlimited talk and text. There's also an extra per line price of $40 a month for smartphones, $30 a month for basic phones, $20 a month for mobile hotspots, notebooks, netbooks, and USB devices and $10 a month for tablets.

The plan also includes a data only plan for mobile hotspots and tablets that start at $30 a month for 4 GB of data up to $60 a month for 10 GB.

Share Everything launches on Verizon Wireless starting on June 28.