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Sprint finally pro-rates its early termination fees

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Mobile | by Barb Dybwad | Sat Nov 1, 2008 5:31PM | 0 comments

Sprint has released details on its new policy to pro-rate early termination fees for customers who break their contracts with the carrier before the typically two-year contract is complete. Commencing November 2, the $200 cancellation fee will start dropping by $10 per month in the sixth month of the contract. However, the new policy is not retroactive to any current subscribers, meaning if existing customers want to take advantage of the new policy they'll have to actually renew their service agreements.

The new ETF policy comes after Sprint lost a $73 million class action lawsuit in California after a judge ruled that the company's early termination fees were unfairly restrictive. Sprint now joins the three other major US carriers in pro-rating carrier ETFs with this announcement.

This story around the web:

Trusted sources:
external link Sprint details its new pro-rated ETF policy [MobileBurn.com]
external link Sprint details pro-rated early termination… [Electronista | Gadgets for Geeks]
external link Sprint finally decides on ETF conditions and… [Boy Genius Report]
external link Sprint Launches One of the Industry's Most… [Sprint Nextel Corporation News Release]
external link Sprint Launches One of the Industry's Most… [Sprint Nextel Corporation News Release]
external link Sprint launches Pro-Rated ETF fees [Phone Arena - Latest News]
external link Sprint Officializes ETF Policy [Phone Scoop - Latest News]

Get more information on topics relating to this story:


Related company news:
Sprint
Related glossary terms:
ETF

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