AT&T, Verizon push free iPhones for long-term customers [telecom]

US cellphone carriers offer deep discounts on new smartphones to defend customer base

By Drew FitzGerald The Wall Street Journal

U.S. cellphone carriers are offering their most generous discounts in years, handing some customers brand-new devices for no money down or small monthly payments stretched over many months. The discounts from AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. require customers to make long-term commitments that give carriers the stability they need to reassure investors as they increase spending on

5G network upgrades.

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