Phil's Personal Finance Tip of the Day:
AT&T sneaks a new fee onto its wireless bills
The telecom giant has stealthily added a 61-cent 'administrative' charge that will add up to millions in revenue.
By Aimee Picchi /MSN Money
What might be nickels and dimes for you will end up as hundreds of millions for a corporate giant. Just ask AT&T (T -0.05%), which has put into play a sneaky new fee.
The telecom giant this month is adding a 61-cent "below-the-line" charge to the bills of its wireless contract customers in a move that could bring in more than $500 million of new annual revenue, The Wall Street Journal reports.
Such fees earn their names for their placement at the bottom of a phone bill, where companies hope customers will overlook them. After all, what's profitable for wireless carriers isn't necessarily well liked by either consumer groups or the companies' subscribers.
To read the entire article from Aimee Picchi /MSN Money:
http://money.msn.com/now/post.aspx?post=48ea4fae-f5d7-4c2d-bde3-c15473a375b6
A person often meets his destiny on the road he took to avoid it. - Jean de La Fontaine
The telecom giant this month is adding a 61-cent "below-the-line" charge to the bills of its wireless contract customers in a move that could bring in more than $500 million of new annual revenue, The Wall Street Journal reports.
Such fees earn their names for their placement at the bottom of a phone bill, where companies hope customers will overlook them. After all, what's profitable for wireless carriers isn't necessarily well liked by either consumer groups or the companies' subscribers.
To read the entire article from Aimee Picchi /MSN Money:
http://money.msn.com/now/post.aspx?post=48ea4fae-f5d7-4c2d-bde3-c15473a375b6
A person often meets his destiny on the road he took to avoid it. - Jean de La Fontaine
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