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Benzinga
Verizon Bumps Up Wireless Prices Citing Inflation Woes After AT&T
For the first time in two years, Verizon Communications Inc (NYSE: VZ) will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports. Industry watchdogs had warned that post-T-Mobile US, Inc’s (NASDAQ: TMUS) acquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices. Implementing higher charges under cover of surging inflation represents a ripe time to capitalize on the situation. Recently AT&T Inc (NYSE: T) r



