Verizon Communications Inc. (NYSE:VZ) Launches New Purchase Scheme To Reel In More Users


Dallas, Texas 04/17/2014 (FINANCIALSTRENDS) –  Verizon Communications Inc. (NYSE:VZ) has announced a slew of changes to its tariff plans in order to woo more customers into its network. These changes have also been followed up with a augmentation of its services in order to offer a enhanced call and service quality, in order to retain these new users as its loyal customers.

Verizon Communications Inc. (NYSE:VZ) announced on 15th April that it is offering discounts on various services they opt for from their telecom operator. Previously these attractive discount offers were reserved only to those subscribers who had signed up to buy a phone along with its mobile service connection.

Verizon Communications Inc. (NYSE:VZ) latest plans include a choice for its customers to choose between buying a handset outright by paying its full cost price, or buy it under a hire purchase scheme which is drawn out over a few months time frame under a scheme called Verizon Edge. Under this latest scheme, buyers can opt to purchase a brand new iPhone 5S by agreeing to pay $31.2 instalment per month over a period of time. This would translate to paying the same $750 per set if they had purchased the handset outright by paying cash.

 The New York based telecom operator is offering this low cost financing model so that buyers need not postpone their decision to upgrade their phones. Under the scheme, after the user has finished paying up ½ the payment instalments, is eligible to trade in his old phone in hand for a new model in the future.

These changes in its tariff schemes comes on the back of U.S largest 4G and 3G network operator sinking in huge investments to boost its network coverage in the Alton Bay area of New Hampshire. The importance of these improvements in the network infrastructure has been explained by Dave MacBeth who is the Executive Director of Network at Verizon Communications Inc. (NYSE:VZ) as having said that “4G LTE is changing the way customers interact with the world via next generation apps, devices and solutions.”