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T-Mobile Raised Fees, Then Scolded Peers for ‘Jacked Up’ Prices

  • A rate-plan freeze was a condition of Sprint merger approval
  • Wireless carriers facing higher costs, feeling profit pressure
Mike Sievert 

Mike Sievert 

Photographer: David Paul Morris/Bloomberg

T-Mobile US Inc. Chief Executive Officer Mike Sievert admonished Verizon Communications Inc. and AT&T Inc. this week for their recent price hikes. Turns out, his company raised fees on millions of wireless customer bills earlier this year. 

“AT&T and Verizon have both announced big price increases in the last month,” Sievert said at a May 23 investor conference. “Right here, right now, in the heart of consumer anxiety about inflation, they are announcing millions and millions of people getting jacked up prices.”