Verizon has backtracked on a statement made by one of its officials saying it would cut off grandfathered unlimited data plans.
The communications company said it has been "evaluating its data pricing structure for some time," in an official statement posted on its website Thursday.
Verizon CFO Fran Shammo said users with unlimited data would have to sacrifice their plans before upgrading to the company's 4G network, which upset many customers on the Web on Wednesday.
"A lot of our 3G base is unlimited. As they start to migrate into 4G, they will have to come off of unlimited and go into the data share plan," Shammo said Wednesday at the the JPMorgan Technology, Media and Telecom conference. "And that is beneficial for us for many reasons, obviously."