tiprankstipranks
Verizon raises administrative fee to $3.50 per month, Android Police says
The Fly

Verizon raises administrative fee to $3.50 per month, Android Police says

Verizon (VZ) is raising its “Administrative and Telco Recovery Charge” fee to $3.50 per month for each voice line from $3.30, and is increasing the fee for data lines to $1.60 per line form $1.40, Android Police’s Sanuj Bhatia reports. The company previously raised the administrative charge in mid-2022 by 70%, and in late 2023 the carrier faced a $100M class-action lawsuit over the fee, which it settled earlier this year without admitting any wrongdoing, the author notes.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App