| June 27, 2020 |
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Verizon and AT&T's new pricing options could help attract prepaid subscribers amid economic downturn. |
Verizon unveiled a new pricing mechanism within its prepaid plans that gives consumers discounts based on the duration they remain on a Verizon plan. This comes just a few weeks after AT&T launched pricing options for its prepaid service, in which subscribers receive a lower monthly rate by prepaying for either three months or a full year of service.
Because of the economic downturn, wireless carriers must make price concessions to sustain the overall health of their businesses.
By introducing the new pricing features, AT&T and Verizon are instead incorporating postpaid features into their prepaid plans, which will attract customers who can be upsold more easily once the economy improves.
Business Insider Intelligence's Hirsh Chitkara has the full story. |
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