Verizon logo displayed on a building in New York City.
Verizon logo displayed on a building in New York City. - 
Listen To The Story


Steve Chiotakis: Last week, Verizon lowered the price of some of its wireless voice plans. Its biggest competitor, AT&T, jumped in with cuts of its own. So it may look like just another price war, but Marketplace's Gregory Warner reports its much more than that.

Gregory Warner: Cell phone customers cheered over the weekend at news that some carriers were lowering the price of their monthly voice plans. Telecom analyst Jeff Kagan expects those prices to keep falling.

Jeff Kagan: Over the next few months and over the next few years, I think prices are going to continue to get lower, but its going to be bundled with voice and data services.

Starting today, Verizon will require customers who buy a multimedia phone to buy an unlimited data plan along with it.

Analyst Mark Donovan says that so-called all-you-can-eat data plans encourage customers to try out the fancier features on their phone.

Mark Donovan: To pull the browser up on their phone. to download an app, and not be afraid that they're going to be unexpected charges that show up on the bill.

Donovan says unlimited data plans are intended to bring in more customers and keep them on their smart phones longer.

In Philadelphia, I'm Gregory Warner for Marketplace.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Gregory Warner at @radiogrego