Verizon branded voice-only handset by LG
Beginning Sunday, November 15th, Verizon Wireless will be increasing the early termination fee (ETF) on all new smart phone plans to $350. Standard voice-only plans will remain at $175.
This announcement came just days before the highly publicized "Droid" launch, Verizon's newest touch screen phone running Google's Android operating system. Is Verizon losing confidence in what is being called the "best Google powered phone yet?" It is unclear what the reasoning is behind this increase, but Verizon spokesperson Jeffrey Nelson claims it is merely a logical evolution of terms. "Our ETF for all other devices remains at $175, which was set long before people were walking around with expensive, sophisticated, mini-computers in their pockets," said Nelson.
In the past, it has generally only been a last resort to terminate a contract early. However, with new smart phone plans hovering at the median rate of $100 per month, the decision has become more complicated. In any case, if you wish to avoid the unlikely event of paying $350 to end your contract early, be sure to start or renew your Verizon contract before the 15th.
Love technology? Click here for more
Comments
Ever heard of Cellswapper.com? It may be the only way out,
I haven't, sounds like a cool idea. I'll have to check it out!
This increase is on Droid phones. Early termination fees has
increased
to $350. Even if you are in the last month of your contract you will have
to pay $120.
It make it harder to capture the Iphone market with this rate
increase.
Don't buy!!
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!