AT&T Braces For Possible Price Hike Citing Inflation Woes Shortly After Verizon

AT&T Inc T could hike mobile-service prices again to ease the impact of the surging inflation, Bloomberg quotes CFO Pascal Desroches.
Inflation pressure is outrunning cost projections, Desroches reasoned.
"We're seeing inflation in labor, supplies, energy, and transport. So we're keeping an eye on it," Desroches said at an investor conference.
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If the pressure persists, "we're going to have to look at pricing again as a potential leverage to help offset that."
Recently, Verizon Communications Inc VZ disclosed plans to raise monthly service charges by $6 per line and $12 for limited data family plans beginning in July.
AT&T increased rates by $6 per line and $12 for family plans in May. Verizon raised the prices shortly after citing similar reasons.
Price Action: T shares traded lower by 1.80% at $19.41 on the last check Tuesday.
Photo by Tdorante10 via Wikimedia Commons

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