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Back in April, after extending upgrade periods to a full 24 months, Verizon introduced a new device payment that would allow customers to upgrade phones by purchasing them at full prices with the payments spread out over a 12-month period. According to sources of ours, Verizon will introduce a new upgrade initiative on August 25 called “VZ Edge” that will allow customers to upgrade their phones much more frequently to “stay on the leading edge of technology.” In an training slide detailing the new plan, we can see that Verizon is offering up VZ Edge as a way for customers to avoid signing contracts and upgrade fees, while remaining on the “best network” and with the latest devices. All of the specifics are not yet available, but this slide does mention that if customers are on the previously mentioned monthly payment plan, that they can upgrade to a new device at any time once they have paid off 50% of their current phone.
Read the full story at Droid-Life.