Verizon Kills 2-Year Plans, Bumps Activation Fee to $30
Verizon Wireless no longer offers two-year contracts with device subsidies, and has raised the cost of activating new devices by $10. The changes, confirmed by Fierce Wireless, were put into effect January 5. Moving forward, all post-paid customers will need to pay for devices via monthly equipment installment plans. Such plans break down the cost of phones and other devices over a course of two years, separating the price of the phone from the price of the service plan. Customers aren't locked into contracts, but they are on the hook for the full price of the phone if they choose to leave Verizon before the device is paid in full. Verizon Wireless has also increased the price of activating new lines of service from $20 to $30.
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