Verizon today announced that the company will be instituting a $30 upgrade fee for its customers who want to upgrade and purchase a new, subsidized phones starting April 22nd. The fee is applicable only for those who are under contract. When quizzed, Verizon saus that the new plan to charge users to upgrade will enable them to provide customers with improved service and support. This is not new for those in the US, since AT&T and Sprint has already done this upgrade fee process to their customers, and now, Verizon has joined them last.
Verizon is in the process of building their own LTE network, which is expected to come out this year, and this cost would eventually help them build it better. Verizon has been aiming at bringing LTE devices to its customers, since they have got a huge customer base in the country.
While the upgrade fee is not unique to Verizon Wireless, most devices can be traded in with our green friendly trade-in program atwww.verizonwireless.com/tradein as a way to save money or potentially offset the fee completely.
Source: Verizon