Andre Yoskowitz
10 Apr 2011 19:03
Verizon has confirmed this weekend that it will indeed be ending one-year contracts for mobile phones starting April 17th.
Two-year contracts and monthly options will still be available.
As its reason for dropping the option, Verizon says "the greater majority" of subscribers chose two-year contracts anyway, in order to get the full subsidy for their new phone.
Verizon continues to remove consumer-friendly options, removing "New Every Two," unlimited data and now one-year contracts. New Every Two gave users a discount on phone upgrades after 20 months of their contract. Early termination fees have been increased, as well.