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By Nesh Pillay, Reporter

April 23, 2015 | 2 min read

Google has released its eagerly awaited mobile phone plan, which is expected to undercut all major competitors, including Verizon, Sprint, and AT&T.

The technology maker’s Project Fi plan only charges users for the data they use instead of paying a flat fee for a limited amount.

In addition to promising to reduce mobile prices, Google will also store all data on a cloud, allowing users to make calls and send texts over laptops or tablets, even without their phones nearby.

“For $20 a month you get all the basics (talk, text, Wi-Fi tethering, and international coverage in 120+ countries),and then it's a flat $10 per GB for cellular data while in the U.S. and abroad,” Google wrote. “1GB is $10/month, 2GB is $20/month, 3GB is $30/month, and so on. Since it's hard to predict your data usage, you'll get credit for the full value of your unused data. Let's say you go with 3GB for $30 and only use 1.4GB one month. You'll get $16 back, so you only pay for what you use.”

As Project Fi is still in its experimental phase, it is only available to Nexus 6 users.

The announcement comes a day after reports first broke that the launch was imminent.

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