Verizon to Move to Tiered Prices in 6 Months

Verizon Wireless, the largest US mobile carrier, will introduce tiered pricing in the next four to six months to take advantage of the growth in data traffic as it rolls out its faster, fourth-generation network.

The company will "feather in" the new pricing as it rolls out new services, Verizon Communications Inc. Chief Executive Officer Ivan Seidenberg said at a Goldman Sachs Group conference. Verizon's 4G network, which uses long-term evolution technology, has been operational in 30 markets, including 50 airports, since June, Seidenberg said. Tiered plans typically give users a wider array of price options for different network usage and eliminate unlimited packages. Dallas-based AT&T Inc., the second-largest mobile carrier, introduced tiered plans this year for its 3G network.