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Verizon Chief Financial Officer Fran Shammo confirmed an upcoming program, Edge, during a conference call on Thursday. He said there is a demand for early upgrade programs, but was light on the details of Edge.
Edge follows similar early-upgrade programs that were recently announced, with T-Mobile kicking things off with its Jump program last week, and AT&T following up with Next earlier this week.
The plans, while offering the option to upgrade after six months or a year, have been criticized as a costly option for customers. AT&T’s plan, in particular, appears to be pricey, with T-Mobile criticizing it and claiming customers “pay twice” for their smartphone: once with the overall cost of the phone and twice with the higher subsidy-related service fee. T-Mobile slashed its service plans before going to a no-contract model, but charges an additional $10 fee to be a part of the Jump program.
Shammo said Verizon Wireless would have more details on the Edge program at a later time.
