Verizon Wireless (VZ, VOD) announces it will charge customers a $30 fee to upgrade their device...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon Wireless (VZ, VOD) announces it will charge customers a $30 fee to upgrade their device in tandem with a new 2-year contract. Until now, Big Red was the only major U.S. carrier not to charge an upgrade fee. Consider this one more way carriers are trying to offset the margin hit caused by enormous smartphone subsidies, which have been lamented by T-Mobile and others, and led to fears cutbacks are in store.