Verizon Wireless today announced a new set of wireless data plans, and none of them are available with contracts or phone subsidies.
It's not clear from Verizon's announcement whether it's going to completely stop offering contracts and device subsidies to new customers after these plans become available on August 13. Since the announcement doesn't say anything about killing existing plans, it's possible that the company could still offer traditional two-year contracts, but without promoting them. We've asked Verizon about this and will provide an update if we get one.
But at the very least, it looks like Verizon will try to encourage customers to either buy phones outright or pay for the entire device in installments. This differs from the model in which you get a discount of several hundred dollars off the price of a new phone but have to sign a two-year contract that can't be broken without paying early termination fees. When customers own their phones outright, it's a lot easier to switch carriers to get a better deal.
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