Verizon Internet prices are dropping fast.
That’s the headline of a recent report from MoffettNathanson.
The report shows Verizon has slashed prices on a variety of services, including wireless internet, video, voice and video calling.
The company’s price cuts on its video and wireless internet are among the lowest of any U.S. wireless carrier.
Verizon is also among the most affordable, at just $50 a month.
The carrier has been on a downward trend, but its price drops aren’t all that surprising.
Verizon was in the top spot for most popular smartphone deals and had the highest smartphone purchase price in the United States, according to a recent study by research firm Strategy Analytics.
Its $50 monthly data plan is also a good value.
Verizon customers have plenty of other choices.
AT&T has been making a big push to cut its monthly cost for wireless internet and video calls, and the carrier’s new $100 monthly phone plan is a good deal.
The new plans also offer cheaper rates on voice and data calls.
Verizon’s low prices on wireless internet could be the reason why Verizon’s stock is up this week.
Verizon had been losing money on wireless phone plans for several years.
But the company is making some big moves in recent months.
Verizon recently announced that it plans to introduce a smartphone that will work on all major wireless networks, including AT&, T-Mobile, Sprint and Verizon.
The announcement was made at an investor conference and followed a recent deal with China’s Huawei Technologies to build a $50 smartphone in the country.
Verizon Wireless has been in a price war with AT&t and other wireless carriers.
Verizon started dropping its monthly data plans for wireless phones in March of last year.
Now that price cuts are in effect, the company should be able to cut prices further, Moffett’s report says.