Sprint looking to increase prices

FILE - In this July 29, 2013, file photo, a Sprint logo is displayed on a smart phone in Montpelier, Vt. Sprint reports financial results Monday, July 25, 2016. (AP Photo/Toby Talbot, File)

INDIANAPOLIS (WISH) – Sprint is planning to increase prices.

The company already increased the prices for its unlimited plan back in October, from $50 to $60 per month.

Business journals say prices increases are a result of less competition among wireless carriers.

For more on this story and other stories making headlines in the business world, click on the video.