Verizon, whose shares are down 30% over the past year, did not say how many customers will be impacted by the latest price hike. (VZ) followed with the same price increases. AT&T raised rates last year on some of its older plans by up to $6 for individual lines and $12 for family plans. (VZ) looks to grow its consumer unit, a part of the business that’s struggled to keep up with competitors. The company is encouraging customers to upgrade to plans such as 5G Get More, 5G Start and others that provide more “choice” and “flexibility.” Plans facing a rate change include Beyond Unlimited, Beyond Unlimited 55+, Go Unlimited and Verizon Unlimited. “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. The move is part of a broader effort to get more of its customer base on 5G plans.Ĭustomers who decide to stay on one of Verizon’s older Unlimited plans will be charged an additional $2 a month. PT: Story updated to reflect that Verizon is allowing for connected devices on the Welcome Unlimited plan.Verizon is raising the prices on some of its older cell phone plans, the company confirmed to CNN on Monday. Rival AT&T raised rates on some of its older plans in May amid the ongoing rise in inflation. In May Verizon announced a new "economic adjustment charge" that was a $1.35 hike per line, per month for voice lines. Verizon's newest offering comes as carriers continue to adjust rates and plans. Verizon doesn't have the same cap for Welcome (it allows for up to 12 lines), with five lines running $125 per month and each line above that going for an extra $25 per line, per month. T-Mobile also caps the number of people you can have on Base Essentials, which starts at $45 per month for a single line, maxing out at four lines per account. Like Verizon's Welcome plan, those on Base Essentials similarly can't take advantage of any device promotions T-Mobile is offering. In April T-Mobile added a new "Base Essentials" plan that was cheaper than its then-lowest Essentials offering but with a smaller amount of high-speed data (20GB per month versus Essentials' 50GB).Ĭompared to T-Mobile's other plans the Base Essentials also lacks free Netflix, the inclusion of taxes or fees in the sticker price or international texting and data in 210+ countries. The Welcome plan is the latest move by a wireless carrier to introduce an offering that cuts the perks in exchange for a lower monthly rate. Read more: Best Verizon Deals Available Now The carrier's aggressive promotions that offer up to $800 off a new phone with a trade-in (and a pricier unlimited plan) don't apply to this plan. There are no device promotions available for Welcome Unlimited, so if you want to get a new iPhone or Galaxy and still keep the lower rate you should look to buy a device elsewhere and then bring it to Verizon. That latter point is particularly important and is a sign of the many strings you'll want to keep in mind when signing up for this plan. "Today, we are making it easy for customers to leave their wireless provider and join Verizon at an entry-level price point when they bring their own device." "Welcome Unlimited opens the door for more people to switch to the network more Americans rely on, at a highly-competitive price," Manon Brouillette, CEO of Verizon's Consumer Group, said in a press release. Available to new and current customers, like Start the plan includes access to Verizon's 4G LTE and low-band 5G Nationwide networks.
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