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Consumer Daily Reports

AT&T store
Photo (c) wdstock - Getty Images
Just weeks after announcing a price increase on its older wireless plans, AT&T appears poised to do it again. At least, one top AT&T executive is holding out that possibility.

The reason, of course, is inflation. AT&T Chief Financial Officer Pascal Desroches says rising costs are increasing financial pressures on the wireless giant.

“We’re seeing inflation in labor, supplies, energy, and transport, so we’re keeping an eye on it,” Desroches said at a recent investor conference. “We’re going to have to look at pricing again as a potential leverage to help offset that.”

In early May, AT&T announced that it was raising the monthly charge on its older wireless plans for the first time since 2019. The monthly fees on AT&T's older packages will rise by $6 a month for single-line customers and up to $12 a month for families.

Encouragement to upgrade

At the time, AT&T told ConsumerAffairs that it was encouraging customers with older plans to upgrade to the company’s unlimited plan options. Customers might pay slightly more, but the company said they would get more for their money.

“We are encouraging our customers to explore our newer plans, which offer many additional features, more flexibility for each line on their account and, in many cases, a lower monthly cost,” a spokesperson told us. 

After AT&T’s early May announcement, Verizon followed suit. Verizon customers started paying $1.35 more for each voice line starting this month, while business lines went up as much as $2.20 a month. Verizon paired the “cost adjustments” with discounts offered to first responders, teachers, and nurses.

First increases since the T-Mobile/Sprint merger

The price hikes – and the possibility of another one at AT&T -- come in an inflationary environment, but they coincidentally happen to be the first industry price increases since T-Mobile and Sprint merged in 2020.

John Bergmayer, legal director of the Washington-based policy group Public Knowledge, told Bloomberg that price hikes are common in industries that are undergoing consolidation. Congressional opponents of the T-Mobile and Sprint merger warned that consumers would likely face higher prices as four major carriers turned into three.

In 2018, a group of Democratic lawmakers -- led by Senators Amy Klobuchar (D-Minn.) and Elizabeth Warren (D-Mass.) --  mounted a last-ditch effort to block the merger because they predicted that the pairing would ultimately lead to higher costs for consumers.



Posted: 2022-06-21 15:12:45

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Aprenda a detectar propuestas de negocios, programas de asesoría y oportunidades de inversiones que son estafas y cómo evitarlas. Para aprender más visite https://ftc.gov/estafasdeingresos *********************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 14th Dec 2020 04:05:45   By: FTCvideos

FTC Video: How to Avoid Income Scams | Federal Trade Commission


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Learn about scams disguised as legitimate business offers, coaching programs, and investment opportunities and how to avoid them. Learn more at https://www.ftc.gov/incomescams. **************************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 14th Dec 2020 04:04:51   By: FTCvideos

FTC Video: Cómo Reportar Fraude en ReporteFraude.ftc.gov | Federal Trade Commission


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Este video demuestra cómo reportar fraude, estafas, y malas prácticas comerciales a la Comisión Federal de Comercio (Federal Trade Commission, FTC) en https://ReporteFraude.ftc.gov y por qué es importante hacerlo. ****************************** The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. Comment Moderation Policy We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that: 1) contain spam or are off-topic 2) use vulgar language or offensive terms that target specific groups or contain personal attacks 3) are sales pitches or promotions 4) have urls or links to commercial sites 4) spread clearly misleading or false information or 5) include personal information, like home addresses

Published: 5th Nov 2020 03:59:43   By: FTCvideos

DIY Video: Planting Hints and Tips | GARDEN | Great Home Ideas


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Charlie Albone is sharing his top tips for planting during summer and even getting rid of weeds. Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5

Published: 27th Jun 2022 12:15:02   By: Great Home Ideas

DIY Video: Garden Walk-around - Kaydale Lodge Tasmania | GARDEN | Great Home Ideas


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Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5

Published: 26th Jun 2022 11:45:04   By: Great Home Ideas

DIY Video: How to GROW Organic Tomatoes | GARDEN | Great Home Ideas


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Graham’s meeting Lizzie and Gianluigi, a young couple who run Piccolo Farm, a thriving organic market garden. Graham’s checking out all their spring produce and planting his favourite: tomatoes! Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5

Published: 25th Jun 2022 10:45:01   By: Great Home Ideas

DIY Video: How to PICK the Right Saw for the Job | DIY | Great Home Ideas


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Jig, mitre, cope, table or band…there are so many different types of saw out there, picking the right one for the job can be tricky. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5

Published: 24th Jun 2022 10:45:00   By: Great Home Ideas

DIY Video: How to Pick the RIGHT Soil and Mulch | GARDEN | Great Home Ideas


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Charlie Albone talk's us through the best soil blends and Mulch's you should consider when making changes to your backyard. Click here to subscribe: https://bit.ly/3hxN7d5 Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5

Published: 23rd Jun 2022 10:45:00   By: Great Home Ideas

Business Video: BlackRock's Rieder on Investing in Uncertain Times


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Rick Rieder, BlackRock CIO of Global Fixed Income & Head of the BlackRock Global Allocation Team dives into what is driving up inflation and where to invest amid the uncertainty. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/

Published: 27th Jun 2022 08:22:29   By: Bloomberg Markets and Finance

Business Video: Bankman-Fried's FTX Said to Pursue Robinhood Deal


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Sam Bankman-Fried's FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets, according to people with knowledge of the matter. Annie Massa reports on "Bloomberg Markets: The Close."

Published: 27th Jun 2022 07:53:23   By: Bloomberg Markets and Finance

Business Video: Can The Rally Continue Into the Second Half of the Year?


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Can the rally continue into the second half of the year? That was Monday's question of the day posed by Dani Burger and Kailey Leinz to Mark McCormick, TD Securities Global Head of FX Strategy, on "Bloomberg Markets: Americas".

Published: 27th Jun 2022 07:31:46   By: Bloomberg Markets and Finance

Business Video: US New-Home Inventory Is on the Rise


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Historically, higher interest rates have slowed homebuilding activity. As the economy begins tightening, what insights can the dynamic between interest rates and the building of new homes offer investors? Presented by @CME Group: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

Published: 27th Jun 2022 07:09:44   By: Bloomberg Markets and Finance

Business Video: Biden Isn't Helping Farmers Enough, Boyd Says


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Black farmers in the US need emergency funding now and the Biden administration shouldn't ignore their needs, John Boyd, president of the National Black Farmers Association said on "Bloomberg Markets." He says he's still waiting for a meeting at the White House that was promised to him months ago.

Published: 27th Jun 2022 06:06:29   By: Bloomberg Markets and Finance

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