If you have a grandfathered unlimited smartphone data plan from AT&T Mobility, it’s about to get a rate hike of $5 per month effective February, 2016.

In an announcement, AT&T says, “This is the first price increase in 7 years.”

• This price increase will not impact your current unlimited data speeds. You’ll still be able to enjoy the nation’s most reliable network and will only see reduced speeds if you exceed 22GB of data in a billing cycle and are in a congested area. Learn more about reduced speeds for smartphone unlimited data plans.

• You can change your plan at any time. Learn more about the benefits of Mobile Share Value and how to switch today. If you switch to a different plan you will not be able to switch back to your Unlimited Data plan in the future.

• Should you decide to cancel your wireless service because of the $5/mo. increase, we will waive the early termination fees (ETFs) for the lines impacted by the price increase, so long as you cancel within 60 days after the price increase first appears on your bill. If you cancel after that time, you will be subject to the usual ETF.

• As with all service cancellations, if you have a smartphone on an AT&T Next installment plan for the lines you are canceling, the cancellation will require the remaining NextSM balance to be paid.

Read more in the full article here.

MacDailyNews Take: Okay, who’s still got their AT&T unlimited data plan and are you planning on keeping it?