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service to 1- and 2-party service by the end of 1974.
The decision of Virginia Telephone & Telegraph Company to seek a rate increase is not particularly surprising in view of continued price increases by other industries for products and services and similar moves being made by other telephone companies.
The company’s total plant in service in 1971 was $64,900,000 while today it has increased to $124,300,000 with an additional $3,300,000 worth of plant under construction. In 1971, the additional investment related to the addition of a main telephone was $825.00.
By May 1973, this amount had increased to $1,076.00, an increase of 30 %. It is estimated during 1973 the company
95.7%