Verizon raises rates

Verizon Communications plans to raise the price of its FiOS television service for new customers next year by nearly 12 per cent. The monthly price for FiOS TV will increase to $47.99 (E32) from $42.99, but current customers who signed up this year will not have to pay more.

The price changes will affect all customers throughout the 16 states where FiOS is available. The hike affects only customers who have signed up for standalone TV service – there is a complicated set of bundle options for consumers seeking multiple services.

There had been speculation there could be a pay-TV price war between cable and IPTV providers.

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