Verizon Wireless, as of today, is making all mobile phones plans and data plans available on a month-to-month basis. That’s right, no more one or two-year contracts requires as long as you bring your own device.

Just to be clear – Verizon month-to-month customers must bring your own handset as these customers will not receive discounts for equipment purchases.

My hope is that all US-based cell phone carriers follow suit. As I’ve blogged before, T-Mobile has a similar program called FlexPay that allows you to access any T-Mobile rate plan on a month-to-month basis. AT&T has a program called Pick Your Plan, however these are specialized rate plans that are watered down are not as competitive in terms of price.

Full press release below:

No Contract Required — New Month-To-Month Agreement Gives Verizon Wireless Customers Even More Freedom

09/22/2008

BASKING RIDGE, NJ — Beginning today, Verizon Wireless customers who want to enjoy the best customer experience in wireless, but don’t want to sign a one- or two-year customer agreement have a month-to-month option. The new Month-to-Month agreement is an extension of the company’s overall commitment to delivering its customers quality products and services over the nation’s most reliable wireless network, while providing the industry’s best customer service.

Verizon Wireless’ new Month-to-Month agreement gives customers the freedom to purchase new devices at full-retail price, or use their own CDMA devices without the commitment of a one- or two-year contract. Additionally customers can terminate their agreement at the end of any month without paying an Early Termination Fee.

The company’s Month-to-Month agreement is now available on all Nationwide Voice and Data plans for both new and current contract customers. Current contract customers must fulfill the terms of their current contract before moving to a Month-to-Month agreement.

Customers who want to sign up for a Verizon Wireless Month-to-Month plan can visit a Verizon Wireless Communications Store, go online at www.verizonwireless.com or call 1-800-2 JOIN IN.

About Verizon Wireless
Verizon Wireless operates the nation’s most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, go to: www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.