AT&T now offers prorated early termination fee

AT&T now offers prorated early termination fee
A couple of years ago, Verizon Wireless addressed an issue regarding the high price of ETF (early-termination fee) for the two-year contracts, by introducing a prorated billing. On May 25th, AT&T followed in Verizon’s footsteps by presenting a new system for calculating the termination fee, which unfortunately is available for only new and renewing customers. The fee will drop by $5 for each month that the customer spent on its network, this means if you want to cancel your contract after one year you would have to pay $115 instead of $175. The downside is that if you do that a month before the contract expires, you would still have to pay $55. Sprint and T-Mobile also announced their plans to introduce prorated termination fees, which will probably be offered by the end of this year.

source: AT&T Wireless via UnwiredView

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