Following Verizon's lead, AT&T is finally phasing out overages.

The company on Wednesday announced new plans, dubbed Mobile Share Advantage, aimed at simplifying pricing and eliminating data overage charges.

Now, once you use up all your high-speed data, instead of hitting you with an overage charge, AT&T will slow your data to just 128 kilobits per second (or lowly 2G speeds) for the rest of your bill cycle. You'll be able to view a webpage or check email, but don't expect to play Pokemon Go, use Snapchat, or stream video from Netflix.

You can, of course, pay for more high-speed data if you like; the difference now is that AT&T won't just automatically tack it on.

AT&T said these new plans, which range from 1GB to 200GB and start at $30 a month, in some cases, offer more data at a lower cost per megabyte than what's available today.

"If you have 2 smartphone lines on a current Mobile Share Value 5GB plan for $100 per month, you can now get the new Mobile Share Advantage 6GB plan — 1 additional GB of data for the same price, plus no overages," the company said. "If you need more data, for $20 more a month, you can get 10GB of data."

In other cases, however, you'll be paying more: The base $30 plan now offers 1GB of data instead of 2GB. Check out the chart below for pricing.

These new plans, which go into effect Aug. 21, also include all the perks of AT&T's old Mobile Share Value plans, including unlimited domestic talk and text, rollover data, and shareable data.