Verizon says two-year contracts aren’t going anywhere for existing customers
Shutterstock Following in the footsteps of T-Mobile , Verizon recently announced that it was putting the kibosh on two-year contracts altogether. When Big Red first made the announcement, though, there were a number of notable details missing, namely what would happen to existing two-year contract customers when their plans were up. Now Verizon is offering up some clarification that discusses what new and existing customers will and won’t be able to accomplish with the carrier’s new “simplified” plans. To answer one of the most prominent questions about these new plans, Verizon says that existing customers on a two-year contract will be able to upgrade to another two-year contract if they wish. This means existing contract customers can still get the latest and greatest smartphones at a subsidized price instead of being forced to finance the smartphone or pay full price. The carrier is letting current customers stay on these two-year long contracts as long as they wish, though o