Los Angeles
– Verizon (NYSE: VZ) plans to double the early termination fee for its FiOS TV service, according
to reports from DSL Reports, the Philadelphia Inquirer and CNET. The fee is
expected to jump from $179 to $360 for customers who leave before their
two-year contract expires — although it will likely be pro-rated depending on
length of contract remaining. The Inquirer noted that one impetus for the hike
could be that Comcast is reportedly offering to pay the early termination fees
of FiOS TV subscribers who switch over to Comcast.
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(Philadelphia Inquirer)
