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Early termination fee / 24 month contract automatic renewal?

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I have currently 1-year left on my 2-year contract with Verizon. Now since Verizon is about 3 times as expensive as newer and faster offers from competitors in my area I am considering exiting the 2 year contract early, but I cannot find any info about the early termination fee for the 150Mbps 2-year contract that I have. Can anyone help out?

 

Also if that fee is too high, what happens after my 2-year contract is done, will it move automtatically to a month-by-month payment or will it renew for another 2 years? 

 

-Hoembi


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