I just heard on the morning news that Verizon wants to raise rates 75%. Why? Because people are giving up their landlines and switching to mobile phones instead, and the company is losing money. I guess the conversation went like this:
*Verizon Executive 1: People are switching to mobile phones instead of using us!
Verizon Executive 2: Huh? Why?
VE1: They say our rates are too high, and they’re using their free minutes that they get on their mobiles. They’re leaving us in droves!
VE2: Good lord! We’d better raise our rates to make up the shortfall!
Hm. Verizon is losing business because people find their rates too high, so they’re going to raise rates? Yeah, that sounds like a grand idea! :dubious:
I was shocked – shocked! – by my phone bill last month. Thirty-eight cents a minute for a daytime long-distance call, and 25 cents/minute for a nighttime long-distance call. When I was in L.A. it was 10 cents/minute through whoever I had there. Of course I use my mobile phone with its unlimited free weekend minutes to make my long-distance calls! The only reason I have a landline now is because I have a dial-up internet connection and I don’t want to give up my website.
I asked for opinions of less-expensive long-distance companies in another thread, and chose the one that advertises 2.75 cents/minute (Enhanced Communications Group). I still need to confirm it is active, and cancel Verizon long-distance. (I signed up about a week or so ago, but I still make my calls on weekends so I’ve still been using the mobile phone.)
So; good move, Verizon! Your rates are too high and you’re losing customers because of it? Raise your rates! Brilliant business decision!