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Verizon Cuts Data Plan Prices by $10

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(CNN) -- Verizon has cut the cost of many of its monthly shared data plans.

The broadband and telecommunications company announced this week that it is reducing the price of most plans by ten dollars.

Existing customers will need to contact Verizon to take advantage of the new pricing.

It's also providing more choices for customers who use a lot of data.

Verizon has added 12-, 14- and 16-gigabyte plans, in addition to it's 10- and 15-gigabyte options.