Verizon CFO Fran Shammo told investors today that Verizon Wireless will be moving to tiered data plans as early as this summer, no longer offering the unlimited data plan Verizon iPhone users have enjoyed since Apple's smartphone came to the network last month.

Verizon Communications Inc. will stop offering unlimited data plans for Apple Inc.’s iPhone as soon as this summer and switch to a tiered pricing offering that can generate more revenue and hold the heaviest users in check.

Verizon is following in AT&Ts' footsteps, who removed unlimited data and implemented tiered pricing for the iPhone last year so they could market the iPhone to a broader audience suck up more cash by offering less (a move which wasn't necessarily met with open arms by AT&T iPhone users).

If you already have an unlimited data account with Verizon you'll almost certainly be grandfathered int

Even though we knew Verizon wouldn't be keeping their unlimited data plan forever, 4 or 5 months seems a little short-lived compared to how long AT&T had unlimited data for iPhone users. Then again, maybe their capped pricing will be better than what AT&T has to offer?

Let us know what you think in the comments!

[Bloomberg]