Verizon CFO confirms Edge, another early upgrade plan

Following the lead of T-Mobile's Jump and AT&T's Next, Verizon offers a combination of no-contract plans and early upgrades. As with the other programs, it's costly.

Verizon's flagship Droid DNA.
Stuck with the Droid DNA and want to switch? You can with the Edge program. Sarah Tew/CNET

Verizon Wireless is jumping on the early upgrade bandwagon too.

Verizon Chief Financial Officer Fran Shammo confirmed an upcoming program, Edge, during a conference call on Thursday. He said there is a demand for early upgrade programs, but was light on the details of Edge.

Edge follows similar early-upgrade programs that were recently announced, with T-Mobile kicking things off with its Jump program last week, and AT&T following up with Next earlier this week.

The plans, while offering the option to upgrade after six months or a year, have been criticized as a costly option for customers. AT&T's plan, in particular, appears to be pricey, with T-Mobile criticizing it and claiming customers "pay twice" for their smartphone: once with the overall cost of the phone and twice with the higher subsidy-related service fee. T-Mobile slashed its service plans before going to a no-contract model, but charges an additional $10 fee to be a part of the Jump program.

Shammo said Verizon Wireless would have more details on the Edge program at a later time.

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