AT&T raising charges by 33%

This is not an opinion on AT&T stock since AT&T benefits from a monopoly status in fixed line and oligopoly status in mobile telecom. But I did want to briefly flag something regarding the telecom industry and M&A.

Today I saw a Wall Street Journal article that read as follows:

AT&T Inc. is raising prices by as much as 33% for the data plans sold with its smartphones and tablet computers.

The Dallas-based carrier said that effective Jan. 22, new customers on its least-expensive smartphone plan will pay $20 a month for 300 megabytes of data, compared with the current 200-megabyte plan at $15. Smartphone or tablet users needing more data will need to pay $30 for a 3 gigabyte plan, up from $25 for 2 gigabytes.

"Data usage is increasing at about 40% a year,"...


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