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DULLES, Va. — America Online, as widely anticipated, said it will raise its monthly fee on unlimited service by $1.95, marking the first increase in three years.
The unit of AOL Time Warner Inc. (AOL) said it will raise the monthly price for unlimited AOL service to $23.90 from $21.95 beginning in the July billing cycle. The last time AOL increased the price of unlimited service was April 1998.
AOL, the world’s most popular online service, has previously shown that users will stick with the service even if they have to pay more.
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