A Verizon executive said the company will offer tiered pricing this summer, Reuters reports. (Seth Wenig/AP)

Verizon chief operations officer Fran Shammo said that the company will drop its unlimited plans in favor of tiered pricing this summer, Reuters reported Thursday.

Shammo had said essentially the same thing in March at a telecom conference in San Francisco.

"Everyone knows that isn't long-term," he said then. "We will move to tiered pricing in the mid-summer time frame."

FierceWireless reported then that the company launched its current unlimited $30-per-month data plan to attract users to the Verizon iPhone.

In Thursday’s report, the executive said that the company will, however, introduce family data plans in the future.

“I think it's safe to assume that at some point you are going to have mega-plans [for data] and people are going to share that mega-plan based on the number of devices within their family. That's just a logical progression,” he said.

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