Verizon To Stop Offering One-Year Contracts Starting April 17th

Gadget University has gotten a hold of some documents that indicate that Verizon is planning on discontinuing one year contracts effective April 17^th.

So, what’s the reason for the switch? According to Verizon, it’s because there hasn’t been a high demand for 1-year contracts with the prices only offering a small discount over the full retail price of Verizon branded handsets.

It also will apparently “streamline” the upgrade process and limited customer confusion.

Anyone on a one-year contract, signed before April 17^th, will not be affected and will be able to continue with the plan until it runs out. Of course, after that happens, it will be between sigining a two-year contract or a month-to-month contract.

So if you were looking to sign up for a one-year contract on Verizon, you only have a few days to so before this change takes effect.