On August 7, Verizon Wireless announced that it would be removing the option for two-year contracts for subscribers beginning August 13.
Now, not to be left behind (and therefore letting AT&T wallow as the last remaining major wireless carrier to keep the ways of the old guard), Sprint’s CEO, Marcelo Claure, has confirmed in an interview that the Now Network will be ditching two-year contracts for all of its smartphones by the end of 2015. In place of those contracts, Sprint will sell its phones at full price, and lease them out — just like Verizon is doing, and just like T-Mobile has been doing.
Sprint’s first move away from two-year contracts is its “iPhone Forever” initiative, which the carrier announced earlier on August 17 and which allows Sprint subscribers to upgrade to a new iPhone every year for $22 per month.
At this point, it seems like it is only a matter of time before AT&T announces a similar situation.
[via The Wall Street Journal]
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