Verizon to Nearly Double Termination Fee

Verizon is set to almost double its termination fee, starting at $350, then decreasing $10 for each month you are in contract. The move comes as the time approaches where Verizon will have to surrender its Alltel ownership in certain areas to AT&T. A higher termination fee means people just can skip away and grab an iPhone, which has become increasingly common since the iPhone arrived.

In 2006, Verizon announced it was easing fees after many class action suits and threatened action from the FCC. The dust has settled a bit now, and Verizon is back at locking customers in again.