AT&T has announced that the carrier will be ending overage charges in favor of reduced data speeds once you've used your allotment. The carrier will offer plans ranging from 1GB to 200GB of high-speed data so you can pick the correct amount for what you use. Some customers will actually get more data in their allotment under the new plans without paying any more money. Instead of charging per gigabyte, AT&T is offering on some plans to bump up your data, like 10GB more for just $20 a month.

From AT&T's announcement:

The new Mobile Share Advantage plans are available August 21. Consumers and businesses alike can gain a wireless experience, without overage charges. Instead of overage charges, after customers use all of their high-speed data amounts, all data usage will be reduced to a maximum of 128 kbps for the rest of their bill cycle.

These new plans include all the value-added benefits of our previous Mobile Share Value plans: unlimited domestic talk and text, Rollover Data, sharable data, multiple international perks and mobile hotspot capability.

It's great to see AT&T ditch overages in favor of lower data speeds once you reach your allotment, but is it competitive with T-Mobile's new One plan with unlimited data? Are you excited about the new plans from AT&T or will you be sticking with your current one? Let us know in the comments.