Verizon Mulls Price Increase in Response to Rising Costs
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A Verizon store in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Verizon Communications Inc. is considering raising prices for wireless service -- one of several possible options to pass along inflation-related costs to consumers following AT&T Inc.’s decision this week to increase rates on older calling plans by $6 or more.
An increase like AT&T’s isn’t likely for Verizon, but alternatives such as the introduction of a higher-priced unlimited plan or added fees are among the possibilities, according to a person with knowledge of the company’s deliberations. Either way, if costs keep rising, Verizon customers will see higher monthly bills.