Usage-based pricing for LTE network eyed by Verizon

www.WirelessFederation.com/news: According to Verizon wireless, the flat-rate plans may soon become a matter of past at least for its coming LTE mobile broadband network. The new network will be capable of running all kinds of devices, as well as multiple devices in one household.

A base rate will be charged by the company instead of flat rate, for its users allowing multiple authenticated devices to be attached to its network. The company will then charge as per the business model known as usage-based pricing in which the user will pay on the basis of the amount of bandwidth used.

According to the CTO of the company, Dick Lynch, it’s an open development initiative encouraging third-party developers to deploy devices on Verizon’s network.

Verizon’s LTE markets have already been launched in Boston and Seattle but they are still not ready for the customers.