Telecom Providers On Verge of Price War
One war ends, another may begin.
The same day the hi-def format war ended, three major U.S. telecommunications providers suddenly found themselves on a collision course for a price war, with Verizon, AT&T and T-Mobile all establishing new lows for monthly unlimited phone usage, Reuters reported. And now, Sprint Nextel is expected to introduce even lower rates.
Early Tuesday, Verizon Wireless announced that it would begin offering unlimited calls for a flat rate of $99.99. AT&T followed suit later in the day, as did T-Mobile, with the latter company even tossing in free text messages at that price. Then, on Wednesday, Sprint indicated that it would offer an unlimited plan at the $60 price point, analysts said.