As per reports, Verizon Communications, Inc. (VZ) will be increasing prices on its wireless bills for the first time in two years as the US wireless carrier struggles with higher costs. A $1.35 increase in administrative charges for each voice line will start reflecting in the customers June phone bill, and business customers will bear a new “economic adjustment charge” beginning June 16. According to Verizon representatives, mobile phone data plans will increase by $2.20 a month and basic service plans will go up by 98 cents.
Rival AT&T Inc. (T) earlier this month raised its rates on older consumer plans by $6 on single lines and $12 for families in order to meet the rising costs and higher wages. Erwin further informed that, Verizon is trying to balance higher prices with better service, like switching customers from outdated plans to new 5G offers.
Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ) and track its progress, please visit the Vista Partners Verizon Communications Inc. Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.