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Verizon Wireless readies price cuts

After largely eschewing the wave of price cuts that have swept through the cellphone service business, Verizon Wireless appears poised to announce a new set of cheaper rate plans on Thursday.

According to a data sheet on the new plans leaked to Android Central, Verizon will be increasing the amount of data for Share Everything customers and cutting monthly costs for those who finance their device using a Verizon Edge program.

Click here to read the full report from Recode.

By Ina Fried, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent, Revere Digital, and the companies have a content-sharing arrangement.

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