Verizon to extend phone-upgrade waiting period




Technology Top Stories from Associated Press (AP) show

Summary: NEW YORK (AP) , Verizon Wireless, the country's largest cellphone carrier, on Friday said that it is extending the time it takes to earn a subsidized phone upgrade from 20 months on contract to 24 months. The move will save Verizon money, since it subsidizes each new smartphone by as much as $400 to get the price down to $199 or lower.