Verizon, the nation’s largest mobile phone company, plans to raise rates $2 a month for customers who stay on some older cellular plans.
Verizon, the nation's largest cellular phone carrier, plans to raise rates by $2 a month for some of its older unlimited plans. The increases would begin in April.NEW YORK –
The increases will take effect April 10 and apply to each mobile phone line on certain previously available phone plans,The move is part of the company’s efforts to get more of its customer base on 5G plans,The wireless carrier said the fee accounts for “the added cost of maintaining these legacy plans.”
“Customers who are currently on — or choose to stay on — older Unlimited postpaid wireless plans from seven years ago will be notified of a new rate plan adjustment by email, direct mail and in their next bill to account for the added cost of maintaining these legacy plans,” the company said in a statement.
Plans facing a rate change include Beyond Unlimited, Beyond Unlimited 55+, Go Unlimited and Verizon Unlimited, the company said. It is encouraging customers to upgrade to plans such as 5G Get More, 5G Start and others that provide more “choice” and “flexibility.”The price hike comes as Verizon looks to grow its consumer unit, a part of the business that’s struggled to keep up with competitors, CNN said.
AT&T raised rates last year on some of its older plans by up to $6 for individual lines and $12 for family plans. Verizon followed with the same price increases.
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