A discussion about the Telecommunication Industry

Last week I told you that the FCC was working on a plan to change the way cellular phone carriers charge customers that want to cancel their contracts early.  Cell carriers have been charging up to $175 to get out of a contract.  Perhaps to keep the FCC from passing any new rules, AT&T Wireless has changed the way it calculates early termination fees.  Now, instead of a $175 flat fee, AT&T Wireless will lower the early termination fee by $5 per month, so if you have 6 months left on a two year contract you would only pay $85.  Verizon Wireless already has a similar early termination policy.