The $40 plan joins Verizon Prepaid's existing $50 and $70 dollar smartphone plans. Here's how the plans compare:
- $40 per month - unlimited talk, messaging and data with the first 2 GB at high speed.
- $50 per month - unlimited talk, messaging and data with the first 5 GB at high speed.
- $70 per month - unlimited talk, messaging and data with the first 10 GB at high speed.
All three plans include unlimited international SMS to over 200 countries and Always-On data. They also include CarryOver data which means that if there's any unused high speed data at the end of the month, it gets rolled over to the next month. Rolled over data is used before plan data.
Verizon allows hotspot and tethering on the $50 and $70 plans. It's not clear if the $40 plan includes it or not. The press release announcing the new plan doesn't mention hotspot and the Verizon Prepaid smartphone plans page hasn't been updated to include the $40 plan yet.
Update 2/21: Verizon has updated its Mobile hotspot FAQ page to say that hotspot IS included with the $40 prepaid plan.
The $40 plan is hardly revolutionary but it does cut the cost of Verizon Prepaid by ten bucks a month for customers whose data needs are modest. That might be enough to draw a few customers from the competition.