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Verizon joins the bandwagon in text messaging fee hikes

January 14th, 2007 Leave a comment Go to comments

Our cellular networks are growing. The data portions are being upgraded. There is additional capacity out there. So why are text messaging prices being raised by 50%? Three of the big four have raised them now, with T-Mobile being the only company that has not raised the rates yet.

  • Verizon: Just announced, will be $.15 starting March 1, 2007.
  • Cingular/AT&T: $.15 as of January 21, 2007.
  • Sprint: $.15 as of October 1, 2006.
  • T-Mobile: StillĀ $.10. Stay strong guys.

This is crazy to me; if anything, the rates should drop marginally since they have become extremely popular. It will keep people comfortable paying only a fraction less, which in turn will probably spur more messages - ultimately more money for these companies. However, greed will prevail, and I guess smarter people than I have determined this is the best way to make more money. It is an easy way to get people motivated to buy bulk plans, which I assume typically go unused (so they get away with using less capacity for the same price.)

Categories: Consumerism
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