Yang Claims Wireless Carriers Overcharge Americans $100 Billion Annually in Data Fees

What was said

"The average American spending $83 a month on their wireless. The average European is spending $35 a month or less than half of what we're spending...that delta between $83 and $35 a month adds up to $100 billion a year in extra spend on our wireless data."

Yang revealed Americans pay more than double what Europeans pay for wireless service, resulting in $100 billion in excess annual spending, with $21 billion paid out as shareholder dividends to Verizon, AT&T, and T-Mobile. He founded Noble Mobile as a cost-plus alternative to major carriers.