No more two-year contracts on AT&T come January 8

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T-Mobile got rid of two-year phone contracts nearly three years ago and embarked on a continuous campaign ever since to steal away subscribers from AT&T, Sprint and Verizon. It took until this year for Magenta’s competition to join the pool. Verizon has officially ditched the contract for new customers on August 13 while AT&T started limiting availability of contracts to company stores and online.

It seems that AT&T is ready to drop the other shoe as an employee has leaked out a company brief that announces the demise of the two-year agreement starting January 8. New and existing customers must now either buy their next feature phone or smartphone from AT&T at retail price or apply to one of its Next equipment installment plans.

Up in the air are multi-year contracts for enterprise accounts and two-year contracts on special devices such as smartwatches and tablets.

An important distinction between Ma Bell and Verizon’s moves off of contracts is that the latter will carry contract options for existing customers. Again, AT&T will not.

Sprint is the only first-tier carrier in the United States still actively offering contracts.

Source: Engadget
Via: The Droid Guy

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.