Verizon has introduced a 3-year price lock for its myPlan and myHome network customers, ensuring that the core monthly price for calling, data, and texting will remain constant. This initiative affects about half of its customers and aims to provide stability amidst growing phone bills. Customers are automatically enrolled, and any changes to plans can reset the price lock. Additionally, a promotion offering a free phone for trade-ins bolsters this new offering, appealing to users looking for value and peace of mind in their mobile service.
Verizon's new 3-year price lock guarantees that current and new myPlan and myHome network customers won’t see their core monthly plan price for data, calling, and texting increasing.
Sowmyanarayan Sampath, Verizon Consumer CEO, emphasized that this initiative aims to enhance value and provide peace of mind for customers facing rising phone bills.
Despite the appealing price lock, Verizon customers should note that taxes and fees can still fluctuate, and changes to a plan or additional lines could reset the price guarantee.
Verizon is also incentivizing users with a free phone upon trading in any device, alongside its promise of price stability for plan holders.
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