Verizon to raise ETF?This article contains unofficial information.
What BGR is hearing is that Verizon plans on raising the ETF for high priced handsets, starting November 15th, to $350. The fee would then drop $5 per month. Again, this has not been confirmed or announced by Verizon. It does make sense for the company to try to recover the subsidies they lose when terms of a signed contract are not followed. Remember, as a division of a public company, Verizon Wireless has obligations to stock and bond holders and this is not the case of a big evil empire trying to put down the man. It is a company trying to stop a flow of red ink coming from those looking to take advantage of it.