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Phone

Phone companies jack up rates for basic phone service

By writejesse #AT&T, #land lines, #Verizon
AT&T customers saw their monthly rate for basic residential phone service jump 22% this month to $16.45. The increase followed a 23% rate hike last year.

And you know what? That’s the good news.

The bad news is that, beginning in January 2011, AT&T and other phone companies will be permitted to jack up basic rates as much as they want — no regulatory limits will apply.

Meanwhile, Verizon raised the price it charges for basic residential service last year to $19.91 monthly from $17.66, Lazarus reports.

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Sign up to receive timely notifications of blog posts in your inbox.

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By writejesse

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