AT&T is rumored to raise the ETF (early termination fee) for cell phone contracts from $175 to $325. If true, that’s nearly DOUBLE. Supposedly it’s to match Verizon (who raised their ETF to $375 last year). Hey, if Verizon can gouge people, why can’t we?
I’m guessing that a Verizon iPhone is coming by years end and this is AT&T’s way of keeping people from jumping ship.
Mind you, this ETF is only for new contracts, but with the iPhone HD/iPhone 4G/iPhone ‘10 coming out next month, there will be a lot of people re-upping their contract with AT&T (and getting a nasty surprise if they try to get out of their contract early).
Of course, AT&T said they’re dropping the ETF for non-smartphones. Their generosity knows no bounds, it seems….
