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Two weeks into the new year, Verizon plans to raise prices on some of its products. Those affected include plans with five or more lines and those still using the New Verizon Plan that is no longer available.
Despite this the price hike will not affect many Verizon users, it still reduces the affordability of customers who are trying to lower prices. In February, myPlan account customers with five or more lines will see a monthly increase of $3 per line on their bill starting Feb. 20, as Droid Life first report.
Also, customers who were locked into the new Verizon Plan that is no longer available in any S, M, L, XL and XXL models will see their single phone rates increase by $4 per line per month. Those with multiple phone accounts will see an increase of $15 per month, while data rates will increase from $15 to $20 per gigabyte, according to Verizon support page.
“We can confirm that we have changed prices on some mobile plans for selected customers,” the carrier said in a statement. “Verizon is committed to providing unmatched network reliability, experience and options that our customers love and expect. These pricing changes allow us to continue to provide our customers with superior products and services, and focus on the most reliable connectivity.”
Verizon was added one of his monthly additionsAdministrative and Telco Recovery Charge, up from 20 cents per line last month, to $3.50 per voice line for telephones, or $1.60 per data line for tablets and hotspots.
Carriers have raised prices for various plans and fees over the past year. In January 2024, AT&T increased its unlimited plan by 99 cents per linefollowed by Verizon is raising the prices of old unlimited plans in March and T-Mobile is raising prices on old plans in June. The last two attempts by Verizon and T-Mobile combined promotional messages with old plans to improve existing ones.
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