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Uh oh: Verizon Dropping Unlimited Data Plans Too?

During an interview with Bloomberg, John Killian, chief financial officer of Verizon, said his company would 'probably need to change the design of their pricing' and get rid of unlimited plan.

"We will probably need to change the design of our pricing where it will not be totally unlimited, flat rate," he told Bloomberg.

Killian went on to say that Verizon expects "explosions in data traffic" over wireless networks as new phones on 4G networks incorporate data-intensive apps, like video downloads. Verizon is eager to keep its network running as smoothly as possible, especially as smartphones become more popular with the masses.

Killian said Verizon is currently finalizing new data plans for its 4G network but added that he wasn't prepared to discuss specifics just yet.

Full story on BusinessWeek.