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.
AT&T Confirms Plans to Ditch Contracts
AT&T says beginning January 8, it will rely on AT&T Next as the primary avenue through which customers will purchase handsets. AT&T has historically sold handsets with two-year contracts attached to the purchase, but in recent years added the AT&T Next installment plan option.
Verizon to Start Tacking $20 Fee to New Lines
Verizon Wireless will soon begin charging a $20 activation fee for new customers who sign up for one of its contract-free device payment plans. The fee goes into effect Nov.
AT&T Bumps Activation Fee By $5 to Match Verizon
AT&T has increased the cost of its activation fee from $15 to $20. The move follows the establishment of a similar fee by Verizon Wireless in recent days.
Verizon Now Requires Edge Customers to Pay Off Phone
Verizon Wireless today announced a change to its Edge equipment installment plans. Beginning May 31, Edge customers will need to pay off their device in full before they they can upgrade to a new phone.
Sprint Brings Back Two-Year Contracts - With A Catch
Sprint has reversed its position on contracts and starting today began offering them again as an option to customers purchasing new equipment. Sprint customers can pay full price for phones, lease them, break payments up over time, or sign a two-year contract to purchase phones at subsidized prices.