The gory details on Verizon’s plans to prorate early termination fees emerged Friday.
Contrary to what many hoped for, the termination fee will not be prorated relative to the term of the contract, rather, $5 will drop off for every month of service.
Furthermore, the ETF term change will only apply to contracts started after November 16th, 2006.
There’s hope yet for older customers, however, considering that Verizon reups your contract every time you change any aspect of your plan. — BEN POPKEN
Verizon Wireless Gives ETF Details [Tech Dirt] (Thanks to Vinny!)