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FCC questions Verizon about doubling fee

 
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ChrisDeHerrera
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Joined: 01 Feb 2000
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PostPosted: Fri Dec 04, 2009 2:37 pm    Post subject: FCC questions Verizon about doubling fee Reply with quote

FCC questions Verizon about doubling fee


In November, the carrier hiked the maximum early contract termination fee for smart phones to $350 from $175. Like other carriers, Verizon subsidizes the cost of the devices for contract-signing customers, then expects to make that money back in service fees over the term of the contract.

"Smart phones quickly became a major part of our business and cost us a whole lot more," Verizon spokesman Jeffrey Nelson said.  (Source: MSNBC)


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