Verizon looking to bump early termination fee to $350 on 'advanced' devices
In this article: blackberry, carrier, cdma, cellphone, contract, droid, early termination fee, early termination fees, EarlyTerminationFee, EarlyTerminationFees, ETF, fee, operator, price, price hike, PriceHike, prices, pricing, pro-rated, prorated, prorated etf, ProratedEtf, rumor, smartphone, us, usa, verizon, verizon wireless, VerizonWireless, vzw
Bitter Beer Face to the world after you passed on Apple's iPhone and let AT&T enjoy the spoils? Raising your early termination fee to stratospheric heights. Just over a year ago, we honestly though this whole ETF thing was headed in the right direction, as most of the major carriers (VZW included) sought to prorate contracts in order to lessen the charge as one's contract drew closer to an end. Now, however, Big Red is evidently gearing up to pull a 180, with the slide above showing a $350 ETF for "advanced" devices (read: probably anything deemed a smartphone). The newly hiked rate will go into effect on November 15th, and while that $350 will decrease by $10 per month over the life of the agreement, this pretty much guarantees that you won't be adding a line, disconnecting and then flipping that phone on eBay.
Engadget was owned by Verizon between June 2015 and September 2021. Engadget's parent company is now Yahoo Inc.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.