The new service will run on T-Mobile and Sprint's networks and will enable customers to only pay for the data that they use each month, according to the report. This would be a big change for the wireless industry, which has traditionally charged customers to pay for a certain set amount of data that expires at the end of each month so that users are required to pay even for unused data.
While Google's business model marks a significant change for the industry, its wireless service will not be available to everyone, at least not at first.
Initially, Google's wireless plan is expected to only work with its Nexus 6 smartphones, and the devices are expected to be capable of switching between T-Mobile and Sprint's networks depending on which one has the stronger signal, according to the report.
The new service may also utilize Wi-Fi networks to make phone calls and service other data, according to the report.
Wireless isn't the only sector that Google is disrupting. The tech giant's high-speed broadband Google Fiber business has already pushed some of the biggest broadband companies like Comcast to ramp up the speed on their competing services.
Read the Journal's full report here.