Please ensure Javascript is enabled for purposes of website accessibility

Verizon Wireless Tightens Upgrade Policy

By Evan Niu, CFA - Apr 12, 2013 at 3:44PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Customers on two-year contracts must now wait the full 24 months before upgrade eligibility.

No. 1 domestic wireless carrier Verizon (VZ 0.88%) Wireless is tightening its device upgrade policy, making customers with two-year agreements wait a full 24 months before upgrade eligibility, up from the previous requirement of 20 months.

In an announcement today, the company said the move "aligns the upgrade date with the contract end date," which Verizon says is how long most customers wait.

Subscribers whose contracts expire in January 2014 will be the first affected by the change. Verizon reminded subscribers that they can purchase devices at unsubsidized retail prices at any time. Customers are still able to share upgrades with other subscribers on the same account, provided that both devices are in the same equipment category.

Verizon also said that credits earned under the older New Every Two program will no longer be available after April 15. The program ended in January 2011.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Verizon Communications Inc. Stock Quote
Verizon Communications Inc.
$49.53 (0.88%) $0.43

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/22/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.