Verizon Raises The Price On Grandfathered Data Plans

Verizon Raises The Price On Grandfathered Data Plans
Verizon is raising the cost of unlimited data plans that were grandfathered into the network back in 2011.

Verizon just upset some of its most loyal subscribers by hiking the cost of grandfathered unlimited data plans. 

I say loyal because this group makes up less than 1 percent of Verizon's subscribers and they've been with the company since at least 2011.

Which is partially due to the fact that they have a truly unlimited data plan and, up until now, have only paid $29.99 a month for that data. Now they'll pay $49.99 a month. Plus, whatever the cost is for minutes and texting.

Verizon told CNN that customers should see higher bills starting Nov. 15 or later.

An extra Jackson a month doesn't actually sound terrible, especially when compared to T-Mobile's $80-a-month unlimited offering. But over the course of a year, customers will end up paying $240 more on their cell phone bills. 

Verizon doesn't seem to be worried about a mass exodus though. A spokesman for the company told CNN, "If you charge a little more, but you're providing an excellent service, customers don't mind that."