Thursday, November 05, 2009

Verizon to Double Early Termination Fees

It appears that Verizon Wireless is planning on doubling its current early termination fee (ETF) for smartphone customers from $175 up to $350 beginning as of 11/15/09. The prorating-per-month will stay: $10 for each month of service completed, which still means that a subscriber completing almost 2 years (23 months) would still owe an ETF of $120.

What makes this of particular relevance to the PreCentral community, beyond the near-certainty that Verizon Wireless will begin marketing the Pre and/or other webOS devices in January 2010, is that this increased ETF will reportedly affect "customers purchasing an Advanced Device." We're fairly confident that the Pre will fall under that category, so buyer beware.

Hopefully, to the extent that Verizon Wireless is making it harder to leave the service, it will also make it easier to join, with significant subsidies on webOS devices when they hit its network. Dare to dream, friends.


For confirmation on this read :