Verizon Wireless raising texting rates

Verizon Wireless is raising the text messaging rate for customers without a monthly texting plan to 15 cents per message sent or received, an increase of 5 cents.

The increase, slated for March 1, comes soon after identical price hikes by Sprint Nextel Corp. and AT&T Inc.'s Cingular Wireless, which raised the rate for pay-as-you-go texting from 10 cents per message to 15 cents.

T-Mobile USA still charges 10 cents per message sent or received for users without a texting plan.

source: msnbc