Verizon Cancels Plans to Throttle “Unlimited” LTE!

Today is a big day for Verizon mobile data junkies.

Not only has Verizon announced plans to double the amounts of data in many of the 'More Everything' plan tiers, Verizon also announced that it is backing down from plans to throttle speeds for customers who still have a grandfathered unlimited data plan.

Verizon announced in July that they would begin throttling unlimited data plans beginning in October, upsetting some customers and raising serious concerns from FCC regulators.

Today, Verizon released a statement announcing that it is backing down, saying in part:

We've greatly valued the ongoing dialogue over the past several months concerning network optimization and we've decided not to move forward with the planned implementation of network optimization for 4G LTE customers on unlimited plans.

Verizon has not offered unlimited plans for years, and has made it hard for customers with the plans to keep them. None of that is changing. And Verizon will continue to throttle unlimited users on the 3G network too.

But for those few who have managed to hold on to (or acquire) these coveted plans, today's news means that the bandwidth bonanza party is not about to end any time soon. Hurrah!