Verizon response to the FCC inquiryDecember 22nd, 2009 - 10:16 pm by Wajiha H.
There has been an inquiry going on by FCC about Verizon regarding its sudden increase in the Early Termination fee to no less than $350. Well, Verizon has responded and it seems a rather justified decision as according to there are a lot of risks associated with offering subsidized phones and high-speed mobile broadband, due to which it was inevitable to increase the Early Termination Fee to $350. This was reported recently by the Wall Street Journal.
 The early termination fee is a way to protect themselves from the loss that they would suffer if a customer suddenly decides to cancel his/her account. Verizon has already made a similar claim when the carrier doubled the cost of its ETF on November 15; this statement only concurs what was already stated. Even then the statement pointed out towards the risk that the company is faced with if the contract is suddenly ended by a customer. Contrary to Verizon, Sprint and T-Mobile stated back in November that they did not have plans to up their ETF fee whereas AT&T did not have anything to say about the whole situation at that time. Source Related ArticlesRelated articles to Verizon response to the FCC inquiry.
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