Rumor: Verizon to close loophole allowing unlimited data for those buying a subsidized phone

The new rules will require a Verizon customer who activates or upgrades a new smartphone, to have a data plan that covers the length of the contract. This forces the customer to keep the $30 monthly 2GB data plan instead of canceling it, when swapping the purchased smartphone to the account with unlimited data. To prevent being stuck with the monthly $30 fee, customers can switch to a More Everything plan, or buy a phone at the full retail price, or use the monthly installment plan available with Verizon Edge.
"(When Verizon) gives customers a discount on the retail price of a smartphone, we expect them to pay for data services and keep the smartphone activated for 2 years. This change closes the loopholes which allowed customers to activate/upgrade a smartphone and immediately revert back to a basic phone, resulting in a discontinued smartphone with no associated data plan."-Verizon
Verizon has yet to make this official, but with an August 24th start date expected, some word should be coming out soon.
source: Droid-Life
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