Market Commentary and Intraday News

News Summary: AT&T announces shared-data plans

304 days ago

By The Associated Press

NEW PLANS: AT&T Inc. will introduce wireless plans that let subscribers connect up to 10 devices. Connected phones get unlimited calling and texting, and all devices share a limited pool of monthly data usage.

COMPARISON: Verizon introduced its "Share Everything" plans on June 28, replacing nearly all of its traditional phone plans. AT&T says its "Mobile Share" plans will debut in late August, but it is keeping its current individual and family plans.

THE BIG PICTURE: The plans are intended to stimulate the adoption of non-phone devices such as tablet computers and USB modems for laptops by making monthly service cheaper.

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 This material may not be published, broadcast, rewritten or redistributed.

View all of today's news »