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Verizon Extending Phone Upgrade Waiting Period

 
Posted April 13th, 2013 @ 9:45am

NEW YORK — Verizon Wireless, the country’s largest cellphone carrier, is extending the time it takes to earn a subsidized phone upgrade from 20 months on contract to 24 months.

The move will save Verizon money, since it subsidizes each new smartphone by as much as $400 to get the price down to $199 or lower. With less frequent phone upgrades, it will pay out less in subsidies.

SunTimes

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