AT&T today announced a new approach to early termination fees (ETFs) that provides greater flexibility for wireless customers.
Beginning on May 25, the company's new and renewing wireless customers who enter into one- or two-year service agreements will no longer be required to pay a single, flat early termination fee. Instead, that fee, which is $175, will be progressively lowered by $5 during each month, every month, for the term of the contract. (The single, flat ETF will continue to apply to new and renewing customers who enter into one- or two-year service agreements prior to May 25.)
The company noted that it continues to offer options for those customers who do not want term commitments or ETFs, including buying a phone at full price and going on a month-to-month service plan, providing their own GSM phone and using an AT&T provided SIM card or using one of their GoPhone prepaid wireless plans.
Beginning on May 25, the company's new and renewing wireless customers who enter into one- or two-year service agreements will no longer be required to pay a single, flat early termination fee. Instead, that fee, which is $175, will be progressively lowered by $5 during each month, every month, for the term of the contract. (The single, flat ETF will continue to apply to new and renewing customers who enter into one- or two-year service agreements prior to May 25.)
The company noted that it continues to offer options for those customers who do not want term commitments or ETFs, including buying a phone at full price and going on a month-to-month service plan, providing their own GSM phone and using an AT&T provided SIM card or using one of their GoPhone prepaid wireless plans.
I read verizon has started dropping their fee by half after the first year but no idea what they do after that first year. I think it was also retroactive to existing customers.
I read verizon has started dropping their fee by half after the first year but no idea what they do after that first year. I think it was also retroactive to existing customers.
At the final point, there would be $35 left (if my quick math was correct) -- at that point the contract period is over anyway.
Bigger flame.
any particular rational to this or you want to just leave us hanging?
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