3 companies control your phone bill, and someone just found the exploit!

12 Apr 2026 · 1 min

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In this short video, Dan Novaes explains that Americans pay roughly $141 per month for mobile data—over $100 billion more than they would if prices were comparable to the UK’s $44 per month. He attributes the high cost to market concentration among three carriers: AT&T, Verizon, and T-Mobile. After his presidential run, Andrew Yang proposes a “Costco‑style” carrier that would buy wholesale network access (e.g., from T‑Mobile) and resell it at lower prices, mirroring the Mint Mobile model popularized by Ryan Reynolds. Novaes argues that the real entrepreneurial opportunity lies not in creating new products but in disrupting overpriced, low‑competition systems, and he encourages viewers to look for such inefficiencies.

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Americans are overpaying for phone plans by over $100 billion. And one guy is trying to flip the game. Meet Andrew Yang. After his failed presidential campaign, he noticed something crazy. Americans pay around $141 per month for data, while places like the UK pay about $44 for the same thing. Why? 3 giants— AT&T, Verizon, and T-Mobile— control the market. Low competition, high prices. So here's his move. He's building a Costco-style carrier. Buy network access wholesale from T-Mobile, then resell it cheaper to consumers. Same model Ryan Reynolds used with Mint Mobile. And here's the kicker: the infrastructure already exists. Towers are built. More users equals more profit. Lesson: The biggest opportunities aren't in new products; they're in fixing overpriced systems. Find where people are getting overcharged and become the cheaper, smarter alternative. For more entrepreneurial stories and information like this, follow UBK.