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Verizon confirms $30 unlimited data plan for iPhone

Verizon has confirmed that its version of the iPhone will have another feature no longer offered on AT&T’s model: an unlimited data plan. Lowell McAdam, Verizon’s chief operating officer, told The Wall Street Journal that his company will offer the data plan for $30 per month with no data restrictions.

“I’m not going to shoot myself in the foot,” McAdam told the Journal, referring to Verizon’s decision to offer the unlimited data plan. AT&T, Verizon’s soon-to-be iPhone competitor,  stopped offering an unlimited data plan option last year — although existing customers were able to retain their unlimited data plans.

It’s already known that Verizon’s iPhone will support wireless tethering for up to five devices. AT&T currently only offers tethering capability for an additional $20 monthly fee.

AT&T’s iPhone has an advantage in that it can perform voice and data functions simultaneously. Verizon’s iPhone only can perform one function at a time.

The iPhone 4 can’t come soon enough for Verizon. The company announced today revenue figures that left Wall Street underwhelmed. Verizon will launch the iPhone 4 on February 11.