Verizon Wireless has announced the pricing of the Personal Hotspot feature that will be ushered in all the iPhone 4 handsets supporting this carrier. Chief Executive Officer(CEO) of Verizon, Brenda Raney, revealed that the users will be charged $20 for availing the 3G Wireless Hotspot feature on their handsets. Verizon also declared that the purchasers of iPhone 4 will get a $30 unlimited data plan for a limited period at the launch, which will later be moved to a capped data plan. Looks like Verizon’s data plan structure is following similar approach as of AT&T’s.

All the Verizon iPhone users can rejoice personal 3G wireless Hotspot feature on their handsets by paying a minimal extra amount of $20 per month on top of the iPhone’s required voice and data plans. Following tethering plan similar to AT&T’s plan which does not afford tethering users unlimited data, Verizon will offer users this mobile hotspot feature with a separate 2GB bucket. Unlike AT&T’s plan which pulls data from the provided 2GB and needs subscribers to switch to 2GB capped plan from unlimited one in order to active tethering, Verizon’s data plan sounds more flexible plan and seems very favorable too. Once the personal Hotspot is activated, you can turn your iPhone 4 into a Wi-Fi router for up to five devices, such as notebook computers and iPad’s, which is pretty impressive.