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Joined: 13 Jan 2005
Posts: 6219
Location: Cary, IL

PostPosted: Wed Nov 15, 2006 11:23 pm    Post subject: Verizon Announces Variable Early Termination Fee (ETF) Reply with quote

Verizon Announces Variable Early Termination Fee (ETF)


On Nov.16, 2006 Verizon Wireless will be the first wireless carrier to nationally introduce a new variable ETF. A variable ETF will provide another competitive advantage for Verizon Wireless and will demonstrate our responsiveness to customer needs.

The current standard ETF is $175.


The variable ETF applies to the following customers:

- New customers activating on or after 11/16/2006

- Embedded-base customers who establish a new contract with an effective date on or after 11/16/06

The variable ETF does not apply to the following customers:

- Existing customers under contract who make no changes to their service (or make changes that do not affect the contract effective date)

- Specially negotiated business contracts with ETFs less than $175

How It Works

ETFs will be charged at the MDN level. The variable ETF will be $175 minus $5 per month for every month the customer has completed of their current active contract with Verizon Wireless. This applies to 1, 2 and 3-year agreements.

The minimum ETF amount by contract term is as follows:

- $120: 1-year contract</li>
- $60: 2-year contract</li>
- $0: 3-year contract (3-year contracts not available in all areas)


1-YR contract - 3 months service completed x $5 = $15, $175 - $15 = $160 ETF
2-YR contract - 13 months service completed x $5= $65, $175 - $65 = $110 ETF
3-YR contract - 30 months service completed x $5= $150, $175 -$150 = $25 ET
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Ben Miller
EVDO Heavy User

Joined: 14 Aug 2006
Posts: 112
Location: Los Angeles

PostPosted: Thu Nov 16, 2006 9:52 am    Post subject: Reply with quote

Man, that's actually a great idea. I am about a month from the end of my 2-year voice contract and I do find it unfair that I'd still have to pay the full termination fee if I were to cancel service.

Now, if only Verizon would start selling UMA service. That'd really get me interested...
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