Vodafone increases prices for Internet connections - financial expert explains the situation.

Vodafone increases prices for Internet connections - financial expert explains the situation.

Vodafone has been increasing the prices for Internet connections for existing customers since May. According to the Federal Association of Consumer Organizations (vzbv), consumers report price increases, for example from 27.99 euros to 32.99 euros or from 32.99 euros to 37.99 euros per month. Vodafone justifies the price increase, among other things, with increased energy prices for network operation. However, the vzbv considers these price increases to be inadmissible and is considering a class action lawsuit in order to have overpaid contributions reimbursed.

According to a report by www.mdr.de The Federal Association of Consumer Organizations has received enough reports from affected consumers to consider a class action lawsuit. Consumer advocates have been actively looking for affected consumers who can describe their cases. If the class action proceeds, the impact on the market and consumers could be:

1. Legal consequences

If the class action takes place and the court rules in favor of consumers, Vodafone could be forced to refund the overpayments. This could result in significant financial losses for the company.

2. Image damage

The class action lawsuit and subsequent media coverage could damage Vodafone's image. Customers could lose trust in the provider and switch to other companies.

3. Competitive reaction

If the price increase and class action lawsuit against Vodafone attracts the attention of other internet providers, they may take the opportunity to review and potentially reduce their own tariffs and prices. This could lead to greater competition in the market and ultimately cheaper offers for consumers.