Sprint is introducing new shared data plans that double the high-speed data at a lower price than AT&T and Verizon Wireless. As part of the Sprint Family Share Pack starting August 22nd, the company says customers can get four lines and 20 gigabytes of data for $160, that's compared to 10 gigabytes of data for the same price from AT&T or Verizon. New Sprint chief executive Marcelo Claure said, 'Simply put, we are offering the best deal on shared data... We want customers to think twice before choosing another wireless carrier.' Claure said the company will have more news coming later in the week about plans for individuals. TheStreet's Brittany Umar has details from New York.

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