Monday, April 11, 2011
Say goodbye to 1-year Verizon contracts - CNN.com
Verizon customers interested in signing a one-year contract (as opposed to the standard two) should lock in their selections now; the company has confirmed that it is eliminating the one-year contract option as of April 17.
Verizon claims the policy change is taking place because the "greater majority of customers sign up for a two-year contract."
The nation's largest wireless provider (at least until that AT&T/T-Mobile deal is approved) previously offered users the ability to sign one-year contracts or contract extensions in lieu of the standard two-year agreement.
Customers who opted for the one-year contract were still able to purchase new equipment at a discount, albeit a lesser discount than the subsidized two-year agreements.