Verizon Wireless to raise termination fee to $350
Verizon raised the early termination fee for advanced devices, such as the Motorola Droid smartphone, from $175 to $350 today. The $350 cost will reduce by $10 for every month you are into the contract. Verizon have done this to combat people who enter into a contract with a free device, then cancel and sell the phone. This takes effect on November 15th.
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