TweakTown
Tech content trusted by users in North America and around the world
6,057 Reviews & Articles | 38,944 News Posts
TRENDING NOW: DisplayPort 1.3 announced, supports 5K, as well as 4K at 120Hz

Verizon happy to follow T-Mobile if consumers don't want contracts

Verizon expresses their ability and willingness to drop contracts if consumers want that

| Business, Financial & Legal News | Posted: Apr 4, 2013 8:33 pm

Verizon's CEO has said that the company would be happy to follow in T-Mobile's footsteps and become a no-contract carrier if that is what consumers want. He noted that it's not too difficult to change to a no-contract model and the company is waiting to see how consumers react to T-Mobile's move.

 

TweakTown image news/2/9/29537_1_verizon_happy_to_follow_t_mobile_if_consumers_don_t_want_contracts.jpg

 

Verizon CEO Lowell McAdam:

I'm happy when I see something different tried. We can react quickly to consumers' shifting needs.

 

Dropping contracts isn't unheard of. Portions of Europe already operate without contracts and consumers don't seem to mind paying the full price for devices. Whether American consumers will be open to the idea remains to be seen. T-Mobile argues that consumers save money due to decreased monthly service fees.

 

AT&T has also expressed interest in dropping smartphone subsidies in exchange for lower monthly rates.

NEWS SOURCES:News.cnet.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases