Verizon, the largest US wireless communications service provider, will launch an unlimited data plan dubbed as "Verizon Unlimited." The plan will be $80 a month for an individual line. Subscribers also have the option of $45 per line for a family of four that totals to $180 a month.

According to a report by Business Insider, the move by Verizon to offer an unlimited data for the first time in five years, has something to do with the company's competitors that offer unlimited data to its subscribers most notably T-Mobile, which replaced all of its mobile plans with unlimited ones.

However, T-Mobile's unlimited plan has a catch; subscribers need to pay an additional $15 if they want to stream videos in HD resolution. Also by default, the company doesn't allow its subscribers to access LTE speeds when they are using their mobile devices as an internet hotspot.

Verizon is clearly using T-Mobile's restrictions to its advantage as the wireless carrier offers it's unlimited plans with HD resolution video streaming and up to 10GB of LTE mobile hotspot data, which essentially reduces to 3G speeds once the limit has been reached. In addition, Verizon will also give unlimited calls and texts to Canada and Mexico with a 500 MB of LTE data per day when subscribers are in those countries.

However, Verizon's $80 a month costs more than T-Mobile's as the latter offers $70 a month for its single line. Meanwhile, Sprint's unlimited data plan costs $60 a month and AT&T's similar plan starts at $100 per month which comes with a subscription to its DirectTV or U-Verse services.

It should be mentioned that all carriers that offer unlimited plans doesn't technically mean unlimited per se. Subscribers who uses 22GB of mobile data per month will experience a slight decrease in speeds in times of network congestions.

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