Sprint to Drop Two-Year Contracts [telecom]

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Sprint to Drop Two-Year Contracts, Following T-Mobile and Verizon

by Matthew J. Belvedere NBC News

Sprint is abandoning two-year smartphone contracts -- and the subsidies that make device purchases cheaper.

By the end of the year, customers of the No. 4 wireless company will have to pay full price for their phones or spread the payments out by leasing the device. Sprint introduced that plan as an option last year.