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Verizon raising prices on FiOS, shared data plans imminent

Verizon to increase prices on FiOS and other products and services along with shared data

| Business, Financial & Legal News | Posted: May 17, 2012 11:37 pm

Verizon CFO Fran Shammo spoke at an investor conference recently and stated that Verizon will be increasing prices for its FiOS service along with various other services and products. The increase is to offset some of the cost associated with a recent network build-out which includes increased LTE coverage and FiOS access.

 

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"You'll see us do some price increases here over the next two quarters" Shammo told investors. Along with increases in prices, Verizon is moving towards shared data plans for its wireless service. Currently, every device requires a data plan. In the future, all of your Verizon devices will share one allotment of data.

 

While this could be beneficial for some customers, the CFO believes that data subscribers will spend more: "As they add more devices, they are going to have to buy up into tiers. So again, you will see the revenue increase there" the CFO claimed. With this change, users who want to get 4G access will have to move off of their unlimited 3G plans for a tiered 4G one. However, if a subscriber is content with unlimited 3G, there appears to be no intention of forcing them off of it.

NEWS SOURCES:Techspot.com

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