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Sprint’s contract termination fee balloons to $350 ahead of iPhone 5 launch

Updated Dec 19th, 2018 7:27PM EST

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Though late to the finish line, it looks like Sprint is finally ready to follow AT&T and Verizon Wireless’ lead and bump its contract termination fee to $350 for “advanced devices.” Sprint confirmed on Wednesday that it will soon increase its early termination fee (ETF) from $200 to $350 beginning in early September. The 75% increase will impact subscribers who purchase subsidized smartphones, tablets, netbooks and notebooks, and the ETF will continue to be prorated as it is currently. The change is set to go into effect on September 9th according to a company spokesperson, and the timing is anything but curious. Sprint is expected to finally begin selling Apple smartphones when the iPhone 5 launches in October, and this big ETF bump is likely an effort to prevent consumers from buying and flying. EBay would likely crumble under the weight of all the new auctions if people were able to purchase the iPhone 5 for as little as $399 with no contract to worry about.

[Via SprintFeed]


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.

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