AT&T Raises Termination Fees on Smartphones

Sun, May 23, 2010

Mobile

It soon is going to be much more costly for you to get a release from your AT&T smartphone contract.

The company announced that starting June 1st, early termination of your smartphone contract will cost you $325. That is up from the previous cost of $175.

If there is any silver lining to take out of this, the cost of early termination will decline $10 with each month you continue to stick to the contract, and the cost of terminating a non-smartphone contract declined from $175 to $150.

This announcement comes on the heels of Verizon raising its early termination fee to similar levels last year, raising questions that the industry is trying to choke off competition. After all, with the amount that you would have to fork out to change providers, consumers will not quickly shift from one wireless provider to the next.

[via GigaOM]

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- who has written 186 posts on Frisky Mongoose.

Art is a Weekend Editor at Frisky Mongoose focusing on video games and the social media that surrounds them.

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