AT&T Starts Prorated ETFs.

AT&T with new contracts is prorating the ETF’s. From DSL Reports –

Back in April I noted that AT&T will now be pro-rating their early termination fees. Just as a reminder: that new policy started yesterday. Instead of paying the previous $175 penalty no matter when you cancel, new and renewing AT&T customers will now see that $175 total reduced by $5 for every month they’re under contract. Sprint, AT&T and Verizon all changed their plans after facing massive ($1 billion, in Verizon’s case) lawsuits for misleading customers. The carriers are currently trying to wiggle out of those suits by lobbying the FCC.

I say that is a positive development but a little too late. Why is it a Yank can go into any cell store in Bangkok, plunk down his money, and have an active no contracts phone in sight of 15 minutes? The contract idea is passe.