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Today, Verizon announced a significant change to its wireless pricing plan.
The following is attributable to Michael Weinberg, Senior Staff Attorney at Public Knowledge
“Today marks the latest in a long line of price increases masquerading as consumer friendly changes. Verizon is offering consumers more of what they do not want and charging them more for what they do want. Verizon customers will now pay more for much less.
“This change will hit late adopters the hardest, many of whom are lower-income individuals. One year ago consumers could pay $30 for unlimited data. Today, it costs them $50 to get 1 GB per month.
“These rate hikes are only possible because of the lack of effective competition in the wireless market. Verizon clearly has no fear of losing customers when it raises prices.”