In a letter addressed to Verizon Business customers, the telecommunications giant announced an important billing update aimed at ensuring the delivery of exceptional service while maintaining competitive prices. The update comes in response to the current economic conditions impacting businesses worldwide, as Verizon strives to absorb cost increases and minimize the impact on its valued customers.
Verizon understands the importance of providing consistent quality and reliability to businesses, and as a result, has decided to implement an Economic Adjustment Charge. The charge will be applied to new LTE Business Internet and 5G Business Internet lines starting in June 2023. Additionally, beginning in August 2023, the charge will extend to existing LTE Business Internet and 5G Business Internet lines where the applicable price guarantee has already ended. Moving forward, the charge will be applied on a rolling basis as each individual price guarantee ends.
The Economic Adjustment Charge will amount to $2.98 per month, per LTE or 5G Business Internet line. As lines meet the aforementioned criteria, the charge will be automatically added to customers’ bills. To locate the Economic Adjustment Charge, customers can refer to the “Other Charges & Credits” section on their billing statements.
Verizon Business acknowledges the trust that customers have placed in their services and thanks them for choosing Verizon as their partner. The company remains committed to delivering outstanding network performance, service excellence, and value for businesses.
With this billing update, Verizon aims to strike a balance between providing exceptional service and managing the economic challenges affecting businesses globally. By absorbing some of the cost increases and implementing the Economic Adjustment Charge, Verizon Business ensures that it can continue to offer competitive prices while maintaining its commitment to customer satisfaction.
As technology continues to evolve, Verizon Business remains at the forefront of innovation. They are offering reliable connectivity solutions that empower businesses to thrive in an increasingly interconnected world. With this important billing update, Verizon reaffirms its dedication to supporting the success of its customers and delivering the quality service they have come to expect.
For further information or inquiries regarding the new billing update, customers are encouraged to contact Verizon Business customer support (1-800-922-0204).
