AT&T Wireless bills to rise

Published On: May 24 2013 03:02:03 PM EDT

Net income: $7.3 billion

1-yr. stock price change: 13.5%

5-yr. stock price change: -7.1%

Employees: 241,800

CEO compensation: $22.2 million

If you're an AT&T customer, your bill just went up 61 cents a month.

That's because the carrier added a new "Mobility Administrative Fee" for all of its contract wireless customers. That fee raises each monthly bill by 61 cents.

The fee went into effect May 1, and will appear on the bottom of your phone bill where taxes and surcharges are listed.

It doesn't seem like much to most people, but it adds up; the company see an additional half-billion dollars from the increase. Over a year, it adds about $7 to your phone bill.

AT&T representatives said the fee is in line with similar fees that other carriers currently charge.

They said the charge will be used to cover expenses like cell site rental fees, maintenance, and interconnection.


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