Verizon Imposes New Service Surcharge Email this Story
Aug 21, 6:03 PM (ET)
WASHINGTON (AP) - Verizon Communications Inc. (VZ) is imposing a new surcharge on high-speed Internet service just as customers were set to receive lower bills thanks to a decision last year to deregulate the service.
In a recent notice to customers, the telecommunications company said it would begin imposing the surcharge for all new digital-subscriber line customers, and on current DSL customers with monthly plans. Customers on an annual plan will start paying when their plan expires.
The surcharge will initially be $1.20 a month for customers with service up to 768 kilobits per second and $2.70 per month for customers with faster DSL service, according to the company.
They lobbied the feds to stop sending money to the USF, and now we know they just wanted it for themselves.