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Article: New York Is Last State to See Payphone Price Change; Verizon to Charge 50 Cents for Unlimited Length Call.
- Article from:
- PR Newswire
- Article date:
- March 11, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- New Yorkers, spared the 35-cent local call after the payphone industry was deregulated in 1996, will be the last to begin paying 50 cents for a local call from a payphone as Verizon begins changing 110,000 payphones to the new price statewide today. This is the first increase since 1984. The new price buys a local call of unlimited length. Formerly, Verizon charged 25 cents for a three-minute payphone call.
"Nobody likes to raise prices, but the reality is that we need to replace revenue lost to competing technologies. We need to operate at the new market price of 50 cents here in New York so we can maintain the business and keep payphones in the ...