Looking to counter negative ads that have focused on its doubling of early termination fees and stringent contract terms, Verizon is offering consumers the option of hooking up month-to-month FiOS television and Internet service with no contract and no termination fees. The catch? Customers could see bills go up at any time.
Verizon doubled its early termination fee to $360 in January, a move it said was necessary to recoup some of its costs--which it said were about $1,350--to install the high-speed fiber service.
Verizon has spent some $23 billion on its FiOS rollout, but has seen its rate of new customer additions drop significantly. It currently has some 3 million FiOS subs.
- see this Wall Street Journal article
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