How the Verizon internet internet plans will change by 2021
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Verizon has announced plans to charge extra to people who use a mobile hotspot on its network.
The move comes amid a sharp slowdown in data usage, a rise in demand for hotspots, and concerns about a spike in smartphone use and cyber attacks.
Verizon said it plans to impose the fee on people who log on to its networks at least once every four weeks or to use the hotspot in the first 24 hours after a new user logs on.
It will be charged at a rate of $3.49 per gigabyte (GB) or $19.99 per month for a three-month contract.
The company will introduce the fee for people who download a new smartphone and then connect to the internet at least three times a week.
It has been a recurring theme for Verizon in recent months as the company has struggled to get a grip on data usage and has struggled with slowing demand for smartphones and hotspots.
Verizons latest earnings report on Tuesday showed the company lost about $11 billion in the second quarter of 2017, partly due to lower-than-expected revenues and a $1 billion loss from its prepaid internet plans.
The carrier, which has more than 3 million customers across the US, said that, in the quarter ending in March, it would incur about $1.7 billion in net losses, compared with a loss of $1,832 million in the year-ago quarter.
Verizon has announced plans to charge extra to people who use a mobile hotspot on its network.The move comes amid…
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