June 29, 2018
AT&T, Sprint Boost Customer Fees
The administrative increases will bring in hundreds of millions of dollars in additional revenue for the companies
AT&T Inc. and Sprint Corp. have recently raised the administrative fees they charge customers, moves that will bring in hundreds of millions of dollars in additional revenue for the companies.
AT&T, the second-largest U.S. carrier by subscribers, has more than doubled the administrative fee it tacks on to the bottom of many wireless customers’ bills. The monthly fee, which affects most noncorporate wireless plans excluding prepaid service, recently hit $1.99, up from $1.26 earlier this year and 76 cents in 2017.
AT&T isn’t the only operator that has been forced to increase administrative fees to cover debt. Operators in the world have huge debt loads that need to be covered; and massive new investments in 5G they need to monetize their existing base to cover debt levels and fund new investment.
Total Cost of Ownership is going up without question.Back