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Google's Project Fi wants to fix your phone bill

The new wireless service is priced differently than other mobile plans - but it's only for the Nexus 6 smartphone. Bridget Carey explains how Project Fi could stir up change in the wireless industry.

Google's new wireless service will have you thinking differently about your phone plan.

Project Fi from Google takes a different approach to mobile service. It switches between Sprint and T-Mobile networks, as well as Wi-Fi hotspots -- depending on which is the better connection. The tech behind it may sound complicated, but the pricing is straightforward and simple: customers are only charged for the data that's used every month at a flat rate of $10/GB.

Watch CNET Update below to get the quick breakdown of how Project Fi works and why it could change the future of the wireless industry:

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Google's Project Fi wants to fix your phone bill