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Verizon Announces Unlimited Prepaid Plan

Need unlimited data but don't feel like being locked into a service agreement? Verizon introduced a new option for you this week.

The carrier on Tuesday announced a new $80 monthly prepaid plan with unlimited data, talk, and text. The plan also includes unlimited texting to more than 200 international destinations and unlimited talk to Mexico and Canada.

On the down side, you can only stream videos at up to 480p on this plan. It also doesn't include mobile hotspot services, and Verizon said it "may prioritize your data behind other customers during times/places of network congestion."

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In a statement, Verizon's Executive Vice President of Operations Tami Erwin said the company has "transformed" its prepaid offerings in recent months. Verizon in February introduced a new 2GB plan to join its existing 5GB and 10GB prepaid options, and got rid of all other offerings. Those plans are priced at $40, $50, and $70 monthly, respectively. Verizon also offers a $30 basic phone plan with unlimited talk and text.

"This [new unlimited prepaid] plan is all about giving our prepaid customers more choice," Erwin wrote. "With data plans from as little as 2GB to unlimited data, we've got a plan that fits your needs."

The new unlimited prepaid option comes after Verizon in February brought back unlimited data for postpaid customers. That plan, which is also priced at $80 per month, includes some perks you won't find in the prepaid option: mobile hotspot service plus high-definition video streaming, "not inferior 480p video," as Ronan Dunne, president of Verizon's wireless division, said when the plan launched.

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