Verizon to Ditch Shared Plans

2008_12_BlackBerry_Storm_customer_line.jpg
Associated Press SHARE

Verizon had telegraphed the move toward shared plans, but had not revealed the details or pricing.

Verizon Wireless has 93 million subscribers on its plans. It's a joint venture of New York-based phone company Verizon Communications Inc. and Vodafone Group PLC, a British cellphone company with wide international interests.

Verizon shares rose 2 cents to $42.58 in morning trading. The shares are close to a four-year high of $42.95.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.