Following its rivals, Sprint Nextel Corp. will soon begin trimming the fees customers face for canceling their cell phone service early.
Chief Executive Dan Hesse said Tuesday in an interview with The Associated Press that Sprint could start lowering the early termination fees as soon as December, once the company updates its billing software. The fee of $200 or more is charged to wireless subscribers who end their service before their two-year contract ends.
The new policy would reduce the fee slightly for each month a subscriber stays with the plan. Competitors AT&T Inc., Verizon Wireless and T-Mobile USA already prorate their fees.
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