Verizon Wireless will charge subscribers a $30 upgrade fee when they...
Verizon Wireless will charge subscribers a $30 upgrade fee when they buy a new phone at a discounted price with a two-year contract, the carrier said Wednesday. The fee kicks in April 22. The other major carriers already charge an…
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upgrade fee. AT&T recently raised its fee from $18 to $36. Charging the fee could add as much as $1 billion to Verizon’s annual earnings and 150 basis points to its wireless margin, BTIG analyst Walter Piecyk said. “The incremental fee by itself is hardly going to be enough to materially curtail upgrade activity but it is yet another step by a major operator to recoup the margin reducing impacts of phone upgrades."