Verizon May Eliminate 35-Day Wait for Unlocking Paid-Off Phones

Verizon is considering changes to its device unlocking policy, potentially removing the 35-day wait for unlocking phones after installment plans are paid off.

Verizon is considering changes to its device unlocking policy, potentially removing the 35-day wait for unlocking phones after installment plans are paid off.

Verizon's updated unlocking policy now mandates a 35-day waiting period for customers who pay off their device installment plans online or via the app, raising concerns about transparency and customer convenience.

Verizon has implemented a new policy requiring a full year of paid service before unlocking phones purchased through its TracFone division, reversing a previous 60-day requirement.

The FCC has granted Verizon a waiver to extend the locking period for phones, making it more challenging for customers to switch carriers.

Verizon is set to lay off up to 15,000 employees as it transitions to a new corporate strategy under CEO Dan Schulman.