- The FCC has reached a deal with major U.S. carriers (VZ, T, S, TMUS) to make it easier for consumers to unlock their phones. The deal will guarantee postpaid users can unlock their phones once their contracts end, and will reportedly also cover some prepaid phones.
- In addition, carriers will have to approve or deny unlocking requests within two business days, and (according to sources) will also have to notify consumers when their phones become eligible for unlocking.
- A big increase in the number of unlocked phones in use could results in higher customer churn, as users no longer find it necessary to buy a new phone and (if they want a subsidy) agree to a new contract to switch carriers. At the same time, it could lower phone subsidy expenses.
- Previous: FCC wants carriers to allow unlocking
at Zacks.com (Tue, 6:34PM)