Verizon is going to hit some of its customers with yet another round of price increases shortly after raising the costs of its phone plans. Starting in August, users of Shared Data plans will notice a $12 monthly fee rise. Customers have received an email from the carrier informing them of the impending price increase.
We appreciate you using Verizon. We are devoted to giving you the best Shared Data plan experience possible. Your existing plan will experience an increase of $12 per month due to growing operational costs, which will show up as a separate item on your statement no earlier than 8.2.22, according to the email ( via ).
VERIZON IS GETTING READY FOR ANOTHER PRICE INCREASE As previously stated, this comes shortly after Verizon raised the administrative cost for each voice line by an additional $1.35, bringing it to $3.30. Additionally, the business added an Economic Adjustment Charge, which raised monthly consumer bills by $2.20. This month marks the start of the new prices.
Advertisement Now, if you have one of Verizon’s Shared Data plans, get ready for yet another significant financial blow. Starting in August, your monthly plan fee will increase by a stunning $12. And it’s likely that you won’t benefit from the additional cost. After the prior price rise, Verizon did, to its credit, include 5GB of mobile hotspot data with the entry-level 5G Start unlimited mobile plan.
That, however, does not adequately represent its clients. Verizon is directly hurting its consumers’ wallets in an effort to increase its profit margins during a crisis of inflation. Despite revenue growth of 2.1 percent year over year (YoY), which reached $33.6 billion in Q1 2022, the company’s net income fell by 12.4 percent YoY. Increased operational expenditures are to blame for this. Unfortunately, the carrier is forcing the majority of the burden onto its customers.
It makes sense that T-Mobile chastised Verizon for this in public. This price increase with unsubstantiated made-up costs was described as downright despicable by the self-described Un-carrier. The business also criticized AT