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Highlights
- T-Mobile hints at potential price increases following AT&T and Verizon's lead.
- AT&T is set to increase unlimited plan costs by 99 cents.
- Verizon will raise rates by $4 per line on some plans.
- T-Mobile previously retracted a price hike plan due to customer backlash but increased the price for new home internet customers by $10.
T-Mobile has dropped hints of potential price adjustments, which comes hot on the heels of AT&T and Verizon announcing their plans to nudge their rates upwards in March.
With the telecoms arena more competitive than ever, T-Mobile revisiting its rate plans and policies could signal a shift in how we think about the value of mobile connectivity.
T-Mobile says this price hike consideration is a reflection of the increasing demand for data usage and faster speeds.
In the past, T-Mobile reconsidered moving customers to more expensive plans after strong customer backlash. Additionally, the company recently upped the price for new home internet users by $10.
AT&T and Verizon are also adjusting their prices. AT&T is adding minor benefits to soften the blow of a 99-cent monthly increase, and Verizon is upping its rates by $4 for some older plans, though it's keeping its myPlan rates the same.
These changes across the board suggest it's time for consumers to review their mobile and internet plans.
With costs creeping up, looking into alternative carriers or negotiating current plans could save money without sacrificing quality.
My take
The telecom sector is buzzing with price hike talks, but what's new?
The trend underlines the industry's dynamic nature, where loyalty to a single carrier might not always be an advantage.
Amid these changes, the focus should be on finding plans that align with usage needs and budget constraints, ensuring that the quest for connectivity doesn't come at an unjustifiable cost.
Why not seek out the best deals on the same network?
MoneySavingPro is committed to helping you do just that. My team and I will provide you with the knowledge and tools to empower you to choose for yourself.
Keep up with MoneySavingPro.com for ongoing news, tips, and reviews on the ever-evolving world of telecoms.
