Verizon raising fees for upgrades and activations starting next week
As 2014 came to an end, Verizon remained the largest mobile carrier in the U.S. with 108.2 million retail connections. Verizon's wireless operations took in $23.4 billion in revenue during the October to December period last year. Fourth quarter operating income was down 11.7% to $5.5 billion.
Verizon added nearly 2 million postpaid customers in the last quarter of the year. Sprint has focused on Verizon and AT&T customers by promising to cut their monthly bills in half if they switch. T-Mobile CEO John Legere, no doubt, will look at these fee hikes as a consumer "pain point" and will consider ways to build an Un-carrier incentive around it.
Verizon customers can avoid the increased fees. All they have to is refrain from activating any new lines, or upgrading to a new phone.