All you can eat wireless rate plans

In the span of a week Verizon wireless, ATT wireless, T-Mobile all announced "all you eat" $99.99 rate plans, there is little doubt that Sprint is going to follow suit in the near future so as not to be left out. Cellphone users all over the country are now able to use all the voice minutes they want on their cellphone. Please keep in mind that most of these customers will also be adding in cellphone data features like text messaging, and email. The average bill will probably not be $99.99, however with all the major wireless carriers offering this same plan we are not sure that anybody was able to get an advantage out of all the press releases. In the end, this shows just how competitive the US wireless industry has become, it was like watching the airlines all raise fares at the same time!!

I am no wall street expert but it appeared the shares of ATT (T) and Verizon (VZ) took a bit of a hit this week as this news was digested by wireless industry analysts. What was also interesting was Sprint (S) who has yet to officially announce such rate plan and is only rumored to be creating one actually ended the week up.

Are all you can eat rate plans the answer? This cellphone insider thinks they wont actually do much as most users will stay under that $50 price point they have grown accustom too and wallstreet seems to agree.

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