AT&T ups U-verse rates, blames high cost of video programming

Blaming the increased cost of video programming, AT&T (NYSE: T) announced price hikes for its U-verse service starting in January.

The monthly price for the operator's U-family and U-family All bundles will increase by $2, with prices for the operator's Latino-focused packages increasing by $3 and $4, depending on the bundle. 

AT&T will also increase its "broadcast surcharge" by $1 a month. This is a fast-rising fee for all pay-TV operators, many of which tout it as a charge for recouping costs associated with broadcast retransmission fees.

And the price of non-DVR receivers is going up by $1 (except in Detroit, Biloxi, Miss., and Wilmington, N.C., where it will increase by 46 cents). 

U-verse will also increase the cost of its Voice 250 plan by $2 to $27. 

The increases come as AT&T moves its promotional energy for pay-TV to its newly acquired DirecTV platform. The company reported subscriber losses of 92,000 for its U-verse platform in the third quarter.

"The increases are due to higher costs of programming and service delivery and will appear in billing statements beginning on 1/28/2016," AT&T said.

For more:
- read this AT&T posting

Related articles:
AT&T to hike U-verse video, voice service prices in 2016
AT&T to begin transitioning away from DirecTV brand starting in January, report says
AT&T's Stephens: U-verse customers pay $17 per month more for content vs. DirecTV

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