Verizon quietly hikes prices similar to AT&T

In May 2022, Verizon said it was making fee “adjustments,” which included an administrative charge increase of $1.35 per voice line to $3.30. The carrier recently confirmed to CNET that it’s raising rates for older, shared data plans as well, and those are very similar to what AT&T announced. On June 17, Verizon releases a statement clarifying its price increase. "While we recommend our Shared Data Plan customers migrate to an unlimited plan to take advantage of all we have to offer, we are not requiring it," stated the carrier. "That said, for the limited number of consumer customers remaining on these accounts, we will be introducing a rate plan adjustment in their next bill to account for the added cost of maintaining these legacy plans." Wireless postpaid consumer customers on all metered shared data plans will see a plan rate adjustment charge of $6 per month for a single-line phone account and $12 per month for multi-line phone accounts, effective with their next bill cycle, according to Verizon. Pricing in wireless looks to be all over the place these days as inflation worries trigger increases and others seek to do the opposite. AT&T CFO Pascal Desroches warned there could be additional price increases.