AT&T Will Eliminate Older Plans for New Customers and 2 Other Dow Movers to Watch
AT&T Inc. (NYSE:T): Current price $33.97
AT&T announced late Friday that soon its new customers will only be able to purchase Mobile Share plans, which entail higher data fees, but permit subscribers to share data allowances among multiple devices. The second-largest domestic mobile operator said that the elimination of older plans for new customers would be effective as of October 25, and that it is streamlining its offerings because the data-share plans are now its most popular. AT&T added that existing customers may keep their current plans, even when they are upgrading to a new device, which is unlike its largest competitor Verizon Wireless. Both firms introduced shared-data service plans last year.