AT&T Inc could hike mobile-service prices again to ease the impact of the surging inflation, Bloomberg quotes CFO Pascal Desroches.
Inflation pressure is outrunning cost projections, Desroches reasoned.
“We’re seeing inflation in labor, supplies, energy, and transport. So we’re keeping an eye on it,” Desroches said at an investor conference.
If the pressure persists, “we’re going to have to look at pricing again as a potential leverage to help offset that.”
Recently, Verizon Communications Inc disclosed plans to raise monthly service charges by $6 per line and $12 for limited data family plans beginning in July.
AT&T increased rates by $6 per line and $12 for family plans in May. Verizon raised the prices shortly after citing similar reasons.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
