Verizon Wireless to cut high-speed pricing-analyst

Iria · Aug 27, 2005, 09:43 PM

NEW YORK (Reuters) - Verizon Wireless is expected to cut the price of its high-speed wireless Internet service by as much as 25 percent early next week in a bid to increase its customer base for the service, one analyst said on Friday.

The No. 2 U.S mobile service and the country's first to sell wireless Web links with speeds comparable to some home broadband services, will cut its $80 a month rate plan to about $60 in a bid to stay ahead of rivals such as Sprint Nextel, said American Technology Research analyst Albert Lin.

"I think it'll be a significant cut," said Lin, who declined to name his sources. "I think they're trying to maximize the time they have as a monopoly in order to build a customer base lead before there's competition."

Verizon Wireless was not immediately available to comment.
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Read More / Source: Reuters

evrt63 · Aug 28, 2005, 01:17 AM

down to $60?!?!?..clearwire in oregon is rolling out wireless broadband at less than $30 a month. sounds like verizon is late for the party

Aug 27, 2005, 09:43 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Verizon Wireless to cut high-speed pricing-analyst NEW YORK (Reuters) - Verizon Wireless is expected to cut the price of its high-speed wireless Internet service by as much as 25 percent early next week in a bid to increase its customer base for the service, one analyst said on Friday. The No. 2 U.S mobile service and the country's first to sell wireless Web links with speeds comparable to some home broadband services, will cut its $80 a month rate plan to about $60 in a bid to stay ahead of rivals such as Sprint Nextel, said American Technology Research analyst Albert Lin. "I think it'll be a significant cut," said Lin, who declined to name his sources. "I think they're trying to maximize the time they have as a monopoly in order to build a customer base lead before there's competition." Verizon Wireless was not immediately available to comment. __________ Read More / Source: Reuters

Aug 28, 2005, 01:17 AM	#2
evrt63 HardwareHeaven Junior Member Join Date: May 2003 Location: oregon Posts: 91 Rep Power: 0	down to $60?!?!?..clearwire in oregon is rolling out wireless broadband at less than $30 a month. sounds like verizon is late for the party