Verizon Bumps Up Wireless Prices Citing Inflation Woes After AT&T

Cellphone users stand beside a Verizon 5G display at the 2019 Electronic Entertainment Expo, also known as E3, in Los Angeles, Calif., U.S. on June 12, 2019. Frederic J. Brown/AFP/Getty Images

For the first time in two years, Verizon Communications Inc will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports.

Industry watchdogs had warned that post-T-Mobile US, Inc’sacquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices.