GNG News Guy
04-28-2008, 02:42 PM
http://i.dslr.net/urls/49/4249.gif (http://www.dslreports.com/shownews/Verizon-Raising-FiOS-Prices-Again-Soon-93958)
Discussing this morning's earnings (http://www.thegng.org/shownews/Verizon-85-Million-Broadband-Customers-93954), Verizon CFO Doreen Toben told investors, analysts and reporters on a conference call (http://investor.verizon.com/news/20080428/) today that FiOS users can expect a new round of price hikes this quarter. "You may recall we increased prices for selected products in the first quarter last year," said Toben while discussing FiOS (see transcript (http://investor.verizon.com/news/20080428/1Q08_vz_transcript.pdf) (pdf)). "We anticipate increasing prices once again in certain products and bundles in the second quarter this year." Which FiOS products and bundles was not specified.
Verizon has consistently nudged up the price of FiOS broadband, especially for customers who refuse to sign up for long term contracts or add additional bundled services. Standalone broadband service jumped $5 in many markets last fall, while double and triple play bundles have consistently increased anywhere from $5 to $20 since FiOS was launched (depending on the product market).
For instance, users who bundle Verizon phone, FiOS 5Mbps/2Mbps and FiOS TV Premier (with two-year commitment) have seen that price increase from $104.98 to $115.98 in many markets. Users who bundle the company's 5Mbps/2Mbps FiOS service and FiOS TV Premier have seen the double play bundle price rise from $85.98 to $101.97 in many markets. The FiOS 20Mbps/20Mbps + FiOS TV Premier bundle has jumped from $107.98 to $123.97.
Given that most of their cable competitors continue to raise rates, Verizon has also found they've been able to raise TV rates in kind (as much as 12% in some instances). Last year alone, Verizon increased FiOSTV prices by 7%, added a new $75 disconnect fee, and bumped the price (http://www.thegng.org/shownews/84054) for their high-definition DVR rental from $12.99 to $15.99 per month in many markets.
read comment(s) (http://www.dslreports.com/shownews/Verizon-Raising-FiOS-Prices-Again-Soon-93958)
Discussing this morning's earnings (http://www.thegng.org/shownews/Verizon-85-Million-Broadband-Customers-93954), Verizon CFO Doreen Toben told investors, analysts and reporters on a conference call (http://investor.verizon.com/news/20080428/) today that FiOS users can expect a new round of price hikes this quarter. "You may recall we increased prices for selected products in the first quarter last year," said Toben while discussing FiOS (see transcript (http://investor.verizon.com/news/20080428/1Q08_vz_transcript.pdf) (pdf)). "We anticipate increasing prices once again in certain products and bundles in the second quarter this year." Which FiOS products and bundles was not specified.
Verizon has consistently nudged up the price of FiOS broadband, especially for customers who refuse to sign up for long term contracts or add additional bundled services. Standalone broadband service jumped $5 in many markets last fall, while double and triple play bundles have consistently increased anywhere from $5 to $20 since FiOS was launched (depending on the product market).
For instance, users who bundle Verizon phone, FiOS 5Mbps/2Mbps and FiOS TV Premier (with two-year commitment) have seen that price increase from $104.98 to $115.98 in many markets. Users who bundle the company's 5Mbps/2Mbps FiOS service and FiOS TV Premier have seen the double play bundle price rise from $85.98 to $101.97 in many markets. The FiOS 20Mbps/20Mbps + FiOS TV Premier bundle has jumped from $107.98 to $123.97.
Given that most of their cable competitors continue to raise rates, Verizon has also found they've been able to raise TV rates in kind (as much as 12% in some instances). Last year alone, Verizon increased FiOSTV prices by 7%, added a new $75 disconnect fee, and bumped the price (http://www.thegng.org/shownews/84054) for their high-definition DVR rental from $12.99 to $15.99 per month in many markets.
read comment(s) (http://www.dslreports.com/shownews/Verizon-Raising-FiOS-Prices-Again-Soon-93958)