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September 11, 2008 What's a text message worth?Posted: 07:54 AM ET
Business Correspondent Jennifer Westhoven Cellphone companies are sharply raising the price of sending text-messages.
Senator Herb Kohl wants to know why some cell phone companies have doubled the price of text messages. Well, not so fast, says one senator. Herb Kohl of Wisconsin wants Verizon Wireless, AT&T, Sprint and T-Mobile "to justify" the higher fees. Companies have raised rates from about 10 cents to 20 cents per message in the last few years. And, text messages files are quite small and don't use nearly as much space on the network as a phone call! Do you the price-hike is fair, if it's not costing the networks any more? Do you think the government should interfere with the industry? Email us at CNN.com/robin with your opinion, or leave a comment below. Posted by: Business Correspondent Jennifer Westhoven |
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