Verizon FiOS service offers customers some of the fastest internet speeds available, while providing a plethora of HD programming that’s unmatched by most of the broadcasting industry. However, not everything is peachy at the companies service, including various network issues that have surfaced since its launch in 2005 and now what we’ve learned will be much higher early termination fees (ETF).
According to various reports, the company will rise the cost of canceling a two year contract from $179 to $360, while raising the cost of certain programming anywhere from $10 to $20 per month. Although if you sign up this week you may be safe, as terms are not expected to change until early next week. Users can also choose to pay higher month to month costs outside of a contract as a testing ground for the service.
In the meantime, the government needs to step up and fight ETF charge rules when service issues are a contributing factor, there is no reason for an ETF to be paid when you can’t use the service as advertised. Otherwise I’m completely fine with ETF’s when discounted services are offered with those agreements. [Philly]