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We have a feeling this one's not going to go over very well, but according to reports, Verizon is seriously considering doubling up its early termination fee for its FiOS TV service. That would mean that customers who jump ship before their contract reaches port would have to cough up $360 instead of $179.
According to CNet, the new fee would apply to new customers who sign up for service on or after January 17. The termination fee would then apply to those customers who opt out early of their two-year service agreement. And if the reports prove correct, new customers will no longer be able to take advantage of Verizon's 15-day grace period, in which they could try the service out for 15 days and still cancel without any repercussion.
"We don't have anything to announce on this front right now," is the official response, as stated by a spokeswoman in an email to CNet.
This wouldn't be the first time Verizon jacked up its early termination fee by a large amount. Back in November 2009, Verizon Wireless announced it was increasing its $175 ETF to $350 for "advanced devices," which decreases by $10 for every month of service for the life of the contract. This drew the attention of the FCC, who is still investigating the telco's actions.