Verizon's Sneaky Price Hike: Exploiting the Three-Year Price Lock

Verizon announced a three-year price lock in April, but now confirms it's raising prices through fee adjustments. While claiming most customers will see less than a 30-cent increase, Verizon plans to hike several fees, including its Administrative and Telco Recovery Charge, Regulatory Charge, device activation fee, and tablet data plans. These changes, potentially effective September 1st, exploit loopholes in the price lock, which only applies to newer myPlan subscriptions and allows for fee increases. The move has drawn criticism from customers.