At a Barclays Capital conference this week, Verizon Wireless CEO Lowell McAdam said, he hopes to move away from unlimited plans altogether for the company's LTE network, instead charging for "buckets" of megabytes.

Verizon is not alone to go this way. TeliaSonera already had announced to limit downloads as well. See my earlier blog LTE flat rate or pay for what you use

However this annoucment is not a surprise move as Verizon CTO Dick Lynch had been eariler quoted by Engadget as saying that he doesn't see how they'll be able to offer an all-you-can-eat plan when the company's LTE network goes live over the course of the next few years, citing its open development initiative as a key reason.

McAdam also confirmed that Verizon anticipates using its 4G LTE network for voice by 2012. Verizon had already said that it anticipated launching its first LTE handsets in the first half of 2011.

Verizon Wireless plans LTE roll out in 25 to 30 markets by the end of this year.

See Engadget article for more.