ATT Begins Reducing ETF Charges Month By Month

AT&T has started having early termination fees go down each month for new contracts (old customers are still screwed). The $175 fee for canceling AT&T service before the end of your two-year contract will go down $5 every month. This means that even by month 23 out of the total 24 you will still pay a $60 fee. While the other providers have announced their intention to do the same, Verizon and AT&T are the only companies to actually have ETFs go down over the course of the contract. This should not be confused with “pro-rating,” however, as the fee is not being divided proportionally. If it was, the fee would go down $7.30 each month and by month 23 you would only pay a $7.30 penalty.

AT&T Launches Pro-Rated ETF System [Broadband Reports]
(Photo: mrbill)