Verizon to Increase Fees Despite Price Lock
Verizon is upping its fees again 🔗
Verizon is increasing its fees despite having announced a three-year price lock earlier this year. A spokesperson indicated that most customers will face a rise in their phone bills, with specific charges like the Administrative and Telco Recovery Charge expected to increase significantly. For instance, this charge could rise by 28 cents for voice lines and by over two dollars for data-only plans. Additionally, the Regulatory Charge and device activation fee are also set to increase. While the price lock prevents direct price hikes on plans, it allows Verizon to adjust fees and taxes.
What changes are being made to Verizon's fees?
Several fees, including the Administrative and Telco Recovery Charge and the Regulatory Charge, are set to increase, with specific amounts mentioned in a Reddit thread.
When will these fee changes take effect?
The changes could go into effect on September 1st, according to information from a Reddit post.
How does the three-year price lock affect these fee increases?
The price lock prevents Verizon from raising the direct price of plans, but it allows adjustments to fees and taxes, giving the company flexibility in its pricing strategies.