The company said the new policy "aligns device upgrade eligibility with our standard two-year wireless agreement" and will apply to all new customers and existing customers whose contracts end in March 2014 or later.
Two months ago, Verizon Wireless increased its subsidized phone upgrade eligibility time from 20 months to 24 months as well.
Chris Neiger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.