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Petition to get Verizon to dump contracts and subsidies has 75,000 signatures

Petition to get Verizon to dump contracts and subsidies has 75,000 signatures
The other day, Verizon CEO Lowell McAdam (who is the top executive of the parent company of Verizon Wireless) told customers that if they want the carrier to get rid of contracts and subsidized pricing, they should request it. Well so far, 75,000 of them have. That is the number that has signed a petition on, asking the nation's largest carrier to make the change.

Earlier on Wednesday, we told you that Verizon had made a change to its smartphone purchasing plans that would allow a customer, under certain circumstances, to pay for a device over a 12 month period. The first installment would be due at the time of purchase and the device being bought must have a retail price of $349.99 or higher. In addition, customers would be allowed to have two installment purchases going on at one time. As soon as on is paid off, another purchase could replace it.

T-Mobile recently made a change to the structure of  the data plans on its network by eliminating two-year contracts and allowing customers to leave the carrier at anytime. But even though they leave, their device may not be able to. Eliminating subsidies, T-Mobile now charges a down payment for a device with the balance paid off in monthly installments. Until the device is paid off completely, it remains locked to the T-Mobile network. As an example of how this works, for the 16GB Apple iPhone 5, T-Mobile customers put down $99.99 and pay off the balance in 24 monthly installments of $20 each.

source: via BGR

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