AT&T is raising the cost of an “administrative fee” line item tacked onto the bottom of every single one of its 64.5 million wireless customers in the US, as reported first today by BTIG Research analyst Walter Piecyk. Originally $0.76, AT&T has raised the fee to $1.99. When added up and multiplied by 12 months, the increase will result in an additional $800 million or so for AT&T’s annual revenue. According to Piecyk, the fee should only apply to standard, monthly customers, and not prepaid AT&T users.
When reached for comment, an AT&T spokesperson confirmed the existence of the fee increase. “This is a standard administrative fee across the wireless industry, which helps cover costs we incur for items like cell site maintenance and…
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Author: Nick Statt
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