Business

Verizon: Existing customers eligible for discounted phones

By ANICK JESDANUN

Associated Press
FILE - In this June 6, 2013, file photo, pedestrians pass a Verizon Wireless store on Canal Street in New York. Verizon, the nation's largest wireless provider, said it will stop requiring two-year service contracts, but customers will no longer be able to buy phones at discounted prices of $100 or $200. The new plans take effect Aug. 13. (AP Photo/John Minchillo, File)
FILE - In this June 6, 2013, file photo, pedestrians pass a Verizon Wireless store on Canal Street in New York. Verizon, the nation's largest wireless provider, said it will stop requiring two-year service contracts, but customers will no longer be able to buy phones at discounted prices of $100 or $200. The new plans take effect Aug. 13. (AP Photo/John Minchillo, File) John Minchillo AP
NEW YORK

Good news for existing Verizon customers: You'll still be able to get discounted phones for $100 or $200 by renewing a two-year service contract.

That part wasn’t clear when Verizon announced Friday that new customers will no longer get discounted phones, but they won’t have to sign two-year contracts, either. Instead, they'll pay full price – it’s $650 for an iPhone 6 – while monthly fees for voice, text and data will go down.

Verizon clarified its policy in an email Tuesday. As long as you stay with the current plan, you can upgrade at a discount. Once you leave the current plan for one of the new ones, though, you won’t be allowed back.

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