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Benzinga
Benzinga
Technology
Anusuya Lahiri

Verizon Slashes Broadband Prices For Domestic Mobile Users By 38%

Verizon NYSE VZ Verizon Communications Inc Wikimedia Commons Inflation Internet
  • Verizon Communications Inc (NYSE:VZ) slashed its home broadband price to $25 a month for wireless customers in select areas where its Fios fiber network and wireless internet service are available.
  • Verizon will launch the plan in over 2,700 cities to customers with premium 5G mobile plans to help them beat the inflation. 
  • The $25 a month offer does not require a contract or equipment fees. The speeds start at 300 megabits per second for fiber.
  • The previous Fios plan started at $40 a month.
  • Verizon aims to upgrade mobile customers to higher-priced plans as it pushes faster 5G products, Bloomberg reports. 
  • Verizon will also hike the prices on limited mobile data plans by $6 per line or $12 per family within months after a similar price raise. AT&T Inc (NYSE:T) also looked to a similar hike.
  • Price Action: VZ shares traded lower by 1.49% at $48.42 on the last check Thursday.
  • Photo via Wikimedia Commons
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