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Verizon Eliminates One-Year Contract Agreements

RIP: Verizon Wireless One-Year Contract Option

Heads up if you're a fan of Verizon Wireless's shorter, one-year contract: the company confirmed today that it would be eliminating the one-year contract agreement beginning April 17.

Verizon is one of the last remaining wireless carriers to offer the single-year contract, but it says that due to device subsidies, more customers sign up for a two-year contract to get a lower, up-front cost on their phones of choice. Verizon will still offer month-to-month and prepaid options, and if you're toward the end of your one-year contract now then you can renew before the deadline to ensure you won't be attached to Verizon until 2013.

Source: Getty
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