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Title: AT&T Could Potentially Lose 40% of iPhone Customers to Verizon Post by: HCK on May 25, 2010, 07:00:07 pm AT&T Could Potentially Lose 40% of iPhone Customers to Verizon
Earlier this week, AT&T increased its early termination fees from $175 to $325 for existing customers, supposedly in a move that would keep current customers from leaving for other mobile carriers--specifically Verizon. If Verizon--one of AT&T's biggest competitors--does manage to nab a CDMA version of the iPhone, AT&T could lose up to 40 percent of its iPhone users, according to Davenport and Co. analyst, F. Drake Johnstone. Johnstone believes that as many of 6 million of the current 15 million iPhone faithful at AT&T could turn their away for a different mobile phone provider, and that's why they raised the fees on early termination. “AT&T is clearly worried that it will lose customers once a competing carrier such as Verizon begins carrying the iPhone,†he says. http://www.maclife.com/article/news/att_could_potentially_lose_40_iphone_customers_verizon |