The U.S is number one — when it comes to paying for mobile data. A new report shows Americans pay more for mobile data than any other population on the planet and guess what’s to blame.
Researchers at Finnish Rewheel found the U.S. is the fifth most expensive for gigabyte smartphone plans and the most expensive market overall to purchase mobile data. The reason? A lack of competition.
Are US mobile data prices competitive? Nope!
The US has the 5th highest gigabyte prices in smartphone plans and is the most expensive market in mobile broadband among the 41 EU28 & OECD countries. https://t.co/uq66BP6gsf pic.twitter.com/MBYRWtcqqU
— Rewheel/research (@RewheelResearch) October 31, 2018
“Even though there are 4 mobile network operators present in the market, US gigabyte prices are not competitive,” Rewheel researchers said. “The US is an outlier four mobile network operator market with much higher prices that are typical to three mobile network operator tight oligopoly markets.”
The report adds things could get worse if Sprint and T-Mobile are allowed to merge and if additional Net Neutrality fees and premiums continue to drive up prices.