Verizon Cuts Contract Option
KHQ.COM - Beginning April 17, Verizon Wireless will stop offering single-year contracts for new mobile customers. Current yearlong subscribers will not immediately be affected, a Verizon rep told Computerworld.
When existing one-year contracts expire, however, those customers will have a choice between Big Red's two-year and month-to-month options.
According to an internal memo, published by Gadget University, Verizon is cancelling its yearly contract offering because of low demand from non-business customers.
"The greater majority of customers sign up for a two-year contract and take advantage of the discounted promotion price," Verizon explained to Computerworld.
There is one exception to Verizon's new policy: business and government accounts will still have the option of selecting yearlong plans.
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