Starting October 16th, Verizon will increase the number of monthly payments Edge customers must make from 20 to 24 months in order to upgrade to a new device. The increase in time between upgrades should decrease a customer’s monthly payment; although customers much pay off 75% instead of the 60% previously required to upgrade early. With the new system, customers sticking to their upgrade plan will be able to get a new device every 18 months as opposed to 12.
Verizon is also offering bigger discounts for users of edge plans as well, offering a $15 per line discount for data plans from 500 MB to 8 GB and $25 off for plans higher than 8 GB. Verizon also lowered the cost of its 500 MB plan from $30 to $20, but raising the cost of its 2 GB plan from $60 to $75. These plans still feature severe overage charges.
Verizon is making some changes in order to raise the percentage of users on an Edge plan in order to compete with AT&T’s success with its NEXT plan, which has about half of its users, as compared to 18% of Verizon users on Edge.
Source: Fierce Wireless
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