Verizon announces text messaging price hike
Verizon Wireless has announced that it will raise the price of text messages by 5 cents starting March 2nd. The hike will result in customers paying 20 cents per message. Sprint Nextel became the first U.S. carrier to charge 20 cents per message when it raised its rates in October of 2007. Text messaging currently accounts for about 45% of all wireless data revenue.
Read[CNN Money]
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