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Verizon Unlimited is the new unlimited data plan offer from Verizon Wireless which will become available starting February 13.

Increased competition together with a saturated market that has ruled out growth prospects are among the reasons that made carriers to offer unlimited wireless data to lure in customers.

There are other perks of the Verizon Unlimited plan, which include adding a connected smartwatch, GizmoPal by LG or any other device for just $5 a month, and also get a TravelPass for $10 per day, which gives 500MB data per day and 2G speeds after that.

Customers opting for the plan will have to agree to AutoPay or paper-free billing.

Will you be switching to this new plan? A Verizon representative said that the new plan is accessible to both new and existing clients, and added to the other plans in which the Verizon offers. Currently, those plans start at $35 per month for 2GB of LTE data. The company's previous strict stance may have had a negative impact on their subscriber base, reports CNBC.

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T-Mobile is creating traction among the subscribers to join its platform by bundling and simplifying fees and taxes into their monthly subscription plans. After that quota is elapsed, further tethering traffic will use the slower 3G network. Of course, you could pay $15 more a month for T-Mobile One Plus to receive unlimited HD day passes for your streaming video, but that would remove T-Mobile's price advantage over Verizon. With voice calls slowly becoming data calls, telecos too, are offering users more incentives to buy data. Verizon no longer even offers the opportunity to sign up for unlimited data - so now is your chance to get out of your old, expensive plan and save money with Sprint.

Is Verizon Unlimited Really Unlimited? The rival network will be offering their own unlimited data plan this March. While Verizon Unlimited Data Plans may not have as big an effect on the USA markets as Jio had in India, this is indeed a welcome move from them!

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 160,900 and generated almost $126 billion in 2016 revenues.

So Verizon's unlimited offer is pretty good then. For more up-to-date entertainment and tech news, keep reading TechPlz.